<h1>Bank Faces Major Financial Setback with Rs 2,329 Crore Loss Due to Accounting Irregularities and Microfinance Fraud</h1> IndusInd Bank reported a net loss of Rs 2,329 crore in the March quarter of fiscal year 2025, marking a significant decline from the previous year's profit. The loss stems from accounting lapses, fraud in microfinance portfolio, and balance sheet discrepancies. The bank made higher provisions, experienced reduced interest income, and saw a 71% drop in annual net profit. Following internal audit findings and leadership resignations, an external agency was appointed to assess the impact and recommend remedial actions.