business looking into egregious violations by indusind bank officials sebi chief

Looking Into Egregious Violations By Indusind Bank Officials: Sebi Chief

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Markets regulator Sebi is investigating potential serious violations by senior management at IndusInd Bank, which is grappling with accounting fraud. While the RBI addresses broader issues, Sebi focuses on securities market breaches by bank officials. IndusInd Bank's board suspects employee involvement in the fraud, prompting internal audits, forensics probes, and reports to investigative agencies.