IndusInd Bank clarifies on new accounting irregularities, says Rs 674 crore 'incorrectly recorded as interest'

IndusInd Bank's internal audit revealed a Rs. 674 crore misrecording of interest over three quarters of fiscal year 2025, which was fully reversed in January 2025. Additionally, unsubstantiated balances of Rs. 595 crores in 'other assets' were offset against 'other liabilities'. The bank is strengthening internal controls and addressing accountability following a whistleblower letter and anomalies in its derivatives portfolio.