Sebi Investigates Potential Irregularities at Indusind Bank

The Securities and Exchange Board of India (Sebi) is currently investigating potential irregularities at IndusInd Bank. These irregularities involve suspected fraudulent activities and insider trading. Sebi Chairman Tuhin Kanta Pandey confirmed the ongoing investigation on Thursday. Pandey noted that the Reserve Bank of India (RBI) is also examining accounting discrepancies related to IndusInd Bank. Sebi is working within its jurisdiction to address any serious wrongdoings that may have occurred. This collaborative effort aims to ensure regulatory compliance and maintain market integrity. The investigation was prompted by the disclosure of a potential fraudulent loan disbursed by IndusInd Bank to some of its own employees. The bank reported a loss of ₹2,328.92 crore for the fourth quarter of fiscal year 2024-25 due to these accounting irregularities. The bank's board has stated that it suspects some employees may have been involved in fraudulent activities related to financial reporting and accounting.