
Sebi probing IndusInd Bank’s senior management for ‘egregious violations’ – Times of India
The Securities and Exchange Board of India (Sebi) announced on Thursday that it is investigating potential violations by IndusInd Bank’s senior management, alleging accounting frauds estimated at Rs 3,400 crore.While the Reserve Bank of India (RBI) will handle the primary investigation, Sebi is specifically examining the alleged securities market violations by bank officials.“The RBI is…