A formal complaint has alleged that a former zonal head for eastern India at IndusInd Bank generated approximately ₹46 crore in illicit gains through share transactions worth nearly ₹815 crore executed before key corporate developments were made public. The RBI, Serious Fraud Investigation Office (SFIO), and Prime Minister's Office are now examining the allegations.
Beyond insider trading claims, the whistleblower report flags governance failures including the "evergreening" of microfinance loans, manipulation of financial records, and attempts by senior management to suppress internal audit and forensic findings. IndusInd Bank has stated that an internal review of these new claims is actively ongoing.
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