Sebi bars former IndusInd Bank CEO Sumant Kathpalia, 4 others from...

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Sebi bars former IndusInd Bank CEO Sumant Kathpalia, 4 others from accessing securities markets

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Sebi has barred former IndusInd Bank CEO Sumant Kathpalia and four others from the securities market, impounding ₹19.78 crore. The regulator alleges they traded on unpublished price-sensitive information related to an RBI directive impacting the bank. This action follows Sebi's investigation into potential accounting frauds within IndusInd Bank.

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