By Admin 
Indusind Bank Q4 Results: This is the first time in two decades that IndusInd Bank has come into a quarterly form. The bank has described the frauds made by the employees for this as its responsible factor. Posting the bank, the bank said that there was a loss of Rs 2,236 crore between the last quarter of 2025 i.e. January and March, whereas the company had made a profit of 2,347 crores during this period a year ago.
Loss for the first time in 18 years
For the last few months, the news of fraud in the bank was coming out in the internal audit. The statement issued by IndusInd Bank on Wednesday said that the board suspects that some employees have a very suspicious role in accounting and financial matters. Sunil Mehta, chairman of the Board of Director of IndusInd Bank, says that the board and management believe that there were misses. He said that it has been unfortunate for an institution like us. However, the board and management have shown a strong resolution to solve all identified problems in a timely and broad manner.
The first case is related to the wrong accounting of the bank’s internal derivative trades, causing a huge loss of about Rs 1,966 crore by the bank by ending the financial year on March 31. This was revealed in March. In addition, earlier this month, the internal audit of the microfinance portfolio found that an amount of about Rs 684 crore was wrongly recorded in 3 quarters as interest income. The bank said that this entire amount was reversed in January.
Important role of bank employees
After both these incidents, cleanliness has started in the top leadership of the bank. CEO Sumant Kathpalia and Deputy CEO Arun Khurana resigned last month, as there were increasing questions on internal control and governance. The bank has said that in the results of Q4 (fourth quarter), the impact of all the discrepancies revealed through investigation so far is reflected. Amid regulatory surveillance and the possibility of strictness, IndusInd Bank is now under pressure to restore investors confidence and prove transparency.
IndusInd Bank said that the bank has shown properly recording the impact of all the discrepancies marked in the audit report when finalizing the March quarter and the financial year’s finance results. In March, the bank reported accounting flaws in the derivative portfolio, which is estimated to have an adverse effect of about 2.35 percent on the bank’s net property by December 2024.
Subsequently, the bank appointed the external agency PWC to assess the impact on the book, assess flaws at various levels and suggest corrective action. The agency in its report has estimated the negative impact of Rs 1,979 crore by June 30, 2024. After deepening the matter, the bank’s Chief Executive Officer (CEO) Sumant Kathpalia and Deputy CEO Arun Khurana resigned on 29 April.
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