IndusInd Bank Under Fresh Probe Over ₹255 Cr Entries
The Economic Offences Wing (EOW) of Mumbai Police has widened its probe into IndusInd Bank over alleged accounting irregularities, focusing on ₹255 crore in unsubstantiated entries. These amounts were reportedly omitted from the bank’s original complaint, which flagged a lapse of nearly ₹2,000 crore.
Nature of the discrepancy
These newly uncovered entries are suspected to have been added without actual trades or appropriate documentation. They may have been used to artificially inflate net interest income or assets in certain quarters.
Probe status & statements
According to sources, the investigation so far does not clearly indicate fund siphoning or actual monetary losses to the bank. Former senior executives—including the ex-CEO, ex-CFO, and ex-Deputy CEO—are expected to be questioned. A current executive in the markets division may also be summoned.
Market and regulatory impact
Following the fresh probe, IndusInd Bank’s shares came under market scrutiny. The case has raised questions about the bank’s accounting controls and governance, adding pressure from regulators and investors.
