Sebi is investigating IndusInd Bank’s senior management for potential securities market violations related to a Rs 3,400 crore accounting fraud. The RBI is conducting the primary investigation. The bank acknowledged employee involvement and initiated internal audits after identifying discrepancies in derivatives, microfinance, and balance sheet disclosures. Despite a significant net loss in the March quarter, IndusInd Bank shares recovered slightly.
Sebi probing IndusInd Bank’s senior management for ‘egregious violations’
You May Also Like
Posted in
All
PVR INOX to sell snacks business to Marico
Posted by
avianscape.enterprises@gmail.com