Mumbai, May 29 -- The regulator found that these individuals sold shares while in possession of unpublished price sensitive information (UPSI), thereby avoiding losses estimated at approximately Rs 19.78 crore.

The case pertains to discrepancies in IndusInd Bank's derivative portfolio that came to light internally in late 2023, following a revised RBI directive on derivative accounting. According to SEBI, internal communications indicated that by December 2023, the bank had estimated a potential adverse financial impact of Rs 1,572 crore, or 2.35% of its net worth. However, this information was not disclosed to the stock exchanges until 10 March 2025.

Following the delayed disclosure, IndusInd Bank's share price crashed 27% on 11 March ...