SFIO Probes IndusInd Bank Over Rs 2,600 Crore Accounting Discrepancies
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SFIO Probes IndusInd Bank Over Rs 2,600 Crore Accounting Discrepancies

IndusInd Bank shares are under scrutiny as the Serious Fraud Investigation Office (SFIO) has initiated a probe into alleged accounting discrepancies totaling Rs 2,600 crore. The investigation, prompted by internal audits, focuses on derivative trades, misclassified assets and liabilities, and microfinance income entries. The bank has confirmed receiving a formal letter from the SFIO seeking information related to these matters.

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