šAt a Glance:
By Prashant Marathe | 21st May 25
IndusInd Bank has just reported itsQ4 FY25 results, but numbers were theleastshocking part.Thereal bombshell?A ā¹2,600 crorefraud-style cleanupof fake profits, misreporting, and shady accounting tricks going backNINE YEARS.From writing off ā¹1,959.98 crore of fake derivative āprofitsā to reversing ā¹673.82 crore of interest income that never shouldāve been there in the first place ā this isnāt just a resultā¦ itās aconfession.
š§¾ The Shocker Breakdown: What Really Happened?
āWe have reason to believe fraud may have been committed.āā Joint auditors, in a polite-as-hell audit report that actually screamsRUN!
š§Ø 1. Fake Profits from Internal Derivatives = ā¹1,960 Cr GONE
- Since FY2015-16, IndusInd had beencooking bookswith internal trades.
- These werenāt
- real profits ā just notional derivative gains that somehow made it to the P&L.
āSorry, that ā¹1,960 crore? Turns out it wasnāt real. Just vibes.ā š¬
šø 2. Reversal of Interest Income: ā¹674 Cr
- They had incorrectly recorded cumulative interest income.
- Add another ā¹172.58 crore of wrongly booked fees.
- Total reversal impact?ā¹846.4 croreā justā¦ vanished.
š 3. Other Manual Accounting Errors = ā¹595 Cr
- Incorrect entries in āOther Assetsā and āOther Liabilitiesā were quietly netted off.
- Aka: āOops, our balance sheet was a PowerPoint fantasy.ā
š 4. Microfinance NPAs Hidden = ā¹1,885 Cr
- Loans were falsely marked as āstandardā (aka healthy), when they were actuallygarbage.
- Had
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