The Serious Fraud Investigation Office (SFIO) has launched an investigation into IndusInd Bank concerning accounting lapses in its derivatives portfolio and microfinance business. The probe, initiated after the bank reported discrepancies involving approximately Rs 1,960 crore in notional profits from internal derivatives and Rs 595 crore in unsubstantiated balances, is being conducted under the Companies Act. IndusInd Bank has stated it is cooperating fully with the SFIO, a white-collar crime investigation agency, by providing requested information.