Tuhin Kanta Pandey Says SEBI Probing IndusInd Bank For ‘Egregious Violations’

Tuhin Kanta Pandey Says SEBI Probing IndusInd Bank For ‘Egregious Violations’

Sebi is examining for any major violations in the IndusInd Bank case as per its remit, chairman Tuhin Kanta Pandey said

SEBI Probes IndusInd Bank Execs Over 'Egregious Violations'

On 23 May, the Securities and Exchange Board of India (Sebi) declared that it is looking into possible infractions by senior management of IndusInd Bank, which is accused of accounting crimes worth an estimated INR 3,400 crore. Sebi is especially looking into the suspected securities market infractions by bank staff, although the Reserve Bank of India (RBI) will conduct the main probe.The Reserve Bank of India is investigating whatever Sebi need…

Hinduja goes into damage-control mode as fraud rocks IndusInd Bank - OrissaPOST

New Delhi: Ashok P Hinduja, Chairman, IndusInd International Holdings Limited (IIHL), which is the promoter of IndusInd Bank, went into damage-control mode Thursday following the announcement of the fraud in the bank that has plunged the lender into a Rs 2, 236 crore loss for the January-March quarter. “Though the capital adequacy of the Bank is quite healthy, for business growth, should any further equity be required, IIHL, as the promoter of I…

SEBI Chairman : Probing possible violations in IndusInd Bank case - Get Latest National & International News Updates

Insight Online News New Delhi, May 22 : The Securities and Exchange Board of India (SEBI) is investigating possible violations in the IndusInd Bank case, following the bank’s disclosure of suspected fraud and concerns over insider trading, SEBI Chairman Tuhin Kanta Pandey said here on Thursday. He said that while the Reserve Bank of India (RBI) is looking into the accounting discrepancies, SEBI is also doing its part as per its authority. While …

Indian bank’s clean-up is not inspiring, yet

IndusInd Chair Sunil Mehta tried to draw a line under accounting woes in a full-year update. If he’s right, the $7 billion lender is undervalued. Yet he revealed the board, which is still looking for a new CEO, suspects some employees of fraud. That suggests a work-in-progress.