<ul><li>IndusInd Bank found discrepancies in its derivatives portfolio in March, leading to a crisis involving leadership resignations and forensic investigations.</li><li>Key events include creation of inter-department for derivative accounting in September 2023, disclosure of discrepancies in March 2024, and resignation of Deputy CEO and MD/CEO in April 2024.</li><li>IndusInd Bank faced fresh concerns related to microfinance accounting in April 2024, followed by insider trading allegations in May 2024.</li><li>SEBI barred former CEO Kathpalia and others from dealing in the share market, alleging awareness of unpublished price-sensitive information about derivative trades and delayed disclosure of discrepancies.</li></ul>

IndusInd Bank Crisis: A Timeline From Derivatives Mismatch To SEBI Action Against Ex-CEO Kathpalia

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