IndusInd Bank shares fell 2.92% to ₹885.90 following a media report about fresh whistleblower allegations against the private lender. According to reports from Business Standard, the stock exchanges have sought clarification from the bank regarding the news report, with the bank's response awaited.
The complaint was reportedly sent to multiple regulatory agencies including the Prime Minister's Office, Reserve Bank of India (RBI), Serious Fraud Investigation Office (SFIO), and National Financial Reporting Authority (NFRA). As reported by Business Standard, the allegations are linked to the discovery of a ₹2,000-crore discrepancy at the bank. The complaint names Samir Agarwal, former zonal head of eastern India at IndusInd Bank and alleges insider trading, manipulation of financial records, evergreening of microfinance loans, and suppression of audit findings.
According to the media report, Agarwal allegedly made gains of around ₹46 crore through share transactions worth nearly ₹815 crore. The complaint further alleges that confidential information obtained through his role at the bank was used to facilitate trades by family members and related entities. The whistleblower complaint was reportedly sent to the bank at the end of May.
During 2025-26, asset reconstruction companies (ARCs) acquired stressed debt worth more than ₹2 lakh crore, comprising ₹1.5 lakh crore of corporate loans and ₹50,000 crore of retail assets. As reported by The Economic Times, retail acquisitions increased ₹54,727 crore year-on-year, while corporate acquisitions expanded ₹1.5 lakh crore. Security receipt issuances linked to retail assets grew 21% year-on-year to ₹58,826 crore, significantly outpacing the ARC industry's overall growth of 9%.
The ARC sector's growth comes at a time when the banking system's asset quality metrics are at their strongest levels in more than a decade. Gross NPAs have fallen steadily from 11.2% in 2018-19 to an estimated 2% in 2025-26. Industry executives expect retail-led growth to continue as lenders increasingly sell portfolios of unsecured loans, including personal loans, microfinance exposures and credit card receivables, to clean up their balance sheets. According to Hari Hara Mishra, chief executive of the Association of ARCs in India, ARCs have been enhancing their retail set-up to handle increased volumes in the coming years.
