<h1>Bank Uncovers Major Internal Fraud Scheme Involving Derivatives, Accounting Manipulations, and Potential Financial Misstatements</h1> IndusInd Bank's board suspects internal fraud involving employees in derivatives, microfinance, and balance sheet manipulations. The bank directed reporting to investigative agencies after discovering accounting irregularities. External review identified a negative impact of Rs 1,979 crore, with unsubstantiated asset balances of Rs 595 crore and incorrectly recorded interest of Rs 674 crore. Senior executives resigned, and a committee was appointed to oversee bank operations.