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'Shakes common man's faith in banking institutions': Bombay HC orders banks to adopt sensitive approach to cyber fraud cases

October 20, 2025 12:18 pm

The Bombay High Court was hearing a plea filed by a businessman who claimed that nearly Rs 2 crore from his account maintained in the IndusInd Bank Limited were siphoned off.

Looking into ‘any egregious violations’ in IndusInd Bank case, says Sebi chairman

May 22, 2025 11:42 pm

On May 21, IndusInd Bank’s board had said that it suspects the occurrence of fraud against the Bank and the involvement of certain employees having a significant role in the accounting and financial reporting of the Bank.

How derivative losses forced IndusInd Bank to declare first quarterly losses in 19 years

May 23, 2025 12:59 am

The internal review by the bank had estimated an adverse impact of approximately 2.35 per cent of the bank’s net worth as of December 2024.

sebi Securities and Exchange Board of India

Sebi probing IndusInd Bank insider trading

May 19, 2025 9:42 pm

An audit report by Grant Thornton had earlier said two former officials of IndusInd Bank were allegedly involved in insider trading during a period when the bank faced accounting lapses in its derivative portfolio.

IndusInd Bank, IndusInd Bank insider trading, IndusInd Bank insider trading case, Indian express business, business news, current affairs

Audit firm hints at insider trading by former IndusInd Bank officials

May 08, 2025 10:36 pm

"Considering that employees had knowledge of incorrect accounting and/or its impact but traded in shares of IBL during the period may also require a determination from an insider trading perspective," it said.

IndusInd Bank received the Reserve Bank of India's approval on March 7 – three days before the disclosure of the derivative losses — to reappoint Sumant Kathpalia as its MD and CEO for just one year,

IndusInd Bank CEO quits after derivative losses of Rs 2,000 crore come to light

April 29, 2025 8:58 pm

IndusInd Bank CEO Sumant Kathpalia's resignation comes day after Deputy CEO put in papers; Kathpalia says he takes "moral responsibility, given the various acts of commission/ omission that have been brought to my notice".

IndusInd Bank external audit reveals Rs 1,979 crore derivative discrepancies

April 16, 2025 8:59 am

The bank also disclosed the ongoing review by an external agency which was independently reviewing the internal findings

IndusInd Bank’s financial health stable, being monitored closely, says RBI

March 16, 2025 8:22 am

The bank had last week revealed a potential 2.35 per cent adverse impact on its net worth after an internal review of its derivative portfolio. The derivative losses will have an approximate impact of Rs 2,100 crore on the bank.