IndusInd Bank Limited — Others, 16-05-2025: News Verification

IndusInd Bank has announced a board meeting after an internal audit found Rs. 674 Cr was wrongly recorded as interest in its microfinance business over three quarters and fully reversed in January 2025. It also identified unsubstantiated balances of Rs. 595 Cr in “other assets” offset against “other liabilities.” The bank is enhancing internal controls and taking steps to address accountability, highlighting its focus on improving governance and protecting shareholder value.