SEBI Bars Former IndusInd Bank CEO and Four Others from Market for Insider Trading.

Banking & Finance

On May 28, 2025, the Securities and Exchange Board of India (SEBI) barred former IndusInd Bank Chief Executive Officer (CEO) Sumant Kathpalia and four other senior officials from trading in the securities market, following allegations of insider trading.


      - The other executives named in the order are Arun Khurana (former executive director and deputy CEO), Sushant Sourav (head of Treasury operations), Rohan Jathanna (head of GMG operations), and Anil Marco Rao (chief administrative officer for consumer banking operations).

     

     

Main Point :-   (i) The action follows an investigation into alleged trades in IndusInd Bank shares made while the executives were in possession of Unpublished Price-Sensitive Information (UPSI).

      (ii) Jio BlackRock Asset Management Company (AMC) has received the final approval from SEBI to start a Mutual Fund (MF) business.


About SEBI

Chairperson: Tuhin Kanta Pandey
Headquarter : Mumbai
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