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News Topical, Digital Desk : INDUSIND BANK News: Indusind Bank has submitted its internal audit report on Monday, May 20. The bank has made a big disclosure in this report.
In its report, the bank said that ₹172.58 crore was wrongly recorded as "fee income" in micro finance business (MFI) in three quarters of the financial year 2024-25. This amount has been corrected in the fourth quarter (Q4 FY25). The
board suspects that the bank has been defrauded and some employees may be involved in it, who were playing an important role in the auditing process and business reporting of the bank. The board has directed that all necessary legal action be taken in this matter, including reporting to regulatory bodies and investigative agencies. Also, accountability of all persons responsible for this lapse will be fixed. Bank results released INDUSIND BANK announced the results of the Q4 quarter and informed that the company has gone from profit to loss. The company's loss is Rs 2,328.9 crore (514.43 crore loss estimated). According to the filing, a loss of Rs 2,328.9 crore has been registered against a profit of Rs 2,349 crore. Talking about interest income, NII has come down from Rs 5,376.5 crore to Rs 3,048.3 crore. Stock Status Shares of Indusind Bank Ltd. closed at Rs 771.10, down 1.39% on Wednesday, May 21, 2025. During the trading, the stock touched a high of Rs 787.10 and a low of Rs 761.25. The bank's 52-week high has been Rs 1,550 and lowest level of Rs 605.40. The total market cap of the company is Rs 60,072.89 crore, while the free-float market cap is Rs 50,643.31 crore. The bank's TTM EPS is Rs 92.75 and ROE is 11.07%. Indusind Bank is included in BSE Sensex and its basic industry segment is Private Sector Banks.
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