*📢 Breaking News: ₹2,600 Cr Accounting Scandal at IndusInd Bank! 📉* 🚨 *What Happened?* India's listed IndusInd Bank (₹48,000 Cr revenue) faced a massive meltdown: * FY25 Net Profit crashed: ₹8,977 Cr → ₹2,576 Cr * ₹1,959 Cr fake derivative income exposed (since FY16) * ₹423 Cr reversal in microfinance books * No dividend declared, ROE collapsed to 4% 🔍 *The Unpacking:* * Q4 FY25: ₹2,329 Cr net loss, EPS at -₹29.89, NPAs spiked to 0.95% * Fake "Internal Trades" inflated profits, hid risks for 9 years * Microfinance fraud: ₹674 Cr fake interest, ₹173 Cr bogus fees * Hidden NPAs: ₹1,885 Cr turned NPA, ₹1,969 Cr P&L hit * Manual entries flagged: ₹595 Cr unsubstantiated assets * Senior executives overrode controls, reported to Govt under Section 143(12) ⚠️ *Market Fallout:* * FIIs dropped from 47% to 29%, DIIs rose from 22% to 36% * Promoters hold only 15.83% * Auditors flagged fraud, skipped Basel III disclosures (LCR, NSFR) *🛠️ Bank’s Response:* * Systems reconciled, manual processes automated * Governance now under Board oversight 💬 Was this inevitable? Did India’s regulatory system miss this? Share your thoughts!