In a significant development, IndusInd Bank has disclosed a major update regarding its internal accounting investigations. On April 20, 2025, the Bank had announced that it engaged an independent professional firm to probe into accounting irregularities uncovered earlier in March.

Following a comprehensive investigation, the Firm submitted its report on April 26, 2025. The findings revealed a cumulative adverse accounting impact on the Bank’s profit and loss statement, amounting to a staggering ₹1959.98 crores as of March 31, 2025 — closely aligned with earlier estimates.

The discrepancies primarily arose from internal derivative trades, particularly those involving early termination. Incorrect recording of notional profits was identified as the root cause of the irregularities. Importantly, the Bank has already taken corrective action by discontinuing all internal derivative trades effective from April 1, 2024.

The Board of Directors is taking the matter seriously. Measures are underway to fix accountability among responsible personnel and re-align senior management roles. Discussions during a late-night Board Meeting that began at 8:42 PM on April 26 and concluded after reconvening on April 27, 2025, were focused on these corrective steps.

Earlier on March 10 Indusind Bank has informed to its shareholders Internal Reviews of forex derivative transection has unearthed an accounting mismatch of worth ₹1,577 Crore (Post Tax) Which is about 2.35 percent of Bank's networth and Following This Announcement Shares of Indusind bank Fell 26% in Intraday 

Indusind Bank Shares Closed flat at ₹820 at last Trading sessions and in last 6 months shares of indusind bank fallen more than 20% amid ongoing internal Crisis