IndusInd Bank denies receiving official notice on whistleblower complaint

Athira Sethu

Kochi, 4 June 2026

IndusInd Bank clarified that they haven’t gotten any official word from the government or regulators about a whistleblower complaint mentioned in recent reports. The bank added that everything mentioned in the complaint was already looked into, proper actions were taken, and all the necessary procedures were followed. They want to emphasize their dedication to complying with regulations and noted that jumping to conclusions based on unverified information might not tell the whole story.

This explanation followed requests from stock exchanges for a response to a news report. This report said a whistleblower had submitted a complaint to the Prime Minister’s Office, the Reserve Bank of India, and other agencies. The complaint apparently claimed there was insider trading, big governance issues, and problems with forensic and audit reviews tied to a previously announced ₹2,000-crore discrepancy.

The media report accused Samir Agarwal, who used to be the eastern India zonal head at IndusInd Bank, of some serious stuff. They said he did insider trading, messed with financial records, evergreened microfinance loans, and hid what the audits found. The report also claimed that Agarwal made money from share trades and that confidential info helped his family and related firms profit too.

In response, IndusInd Bank pointed out that they looked into all those issues internally and dealt with them. The bank added that they’ve been working with the relevant authorities and will keep doing so. They want to stress they always use proper governance processes to handle this kind of thing.

Key Numbers from Allegations and Financials