<ul><li>SEBI stated that IndusInd Bank's top management was aware of the derivatives discrepancy 15 months prior to its public disclosure, with an estimated impact of Rs 2,362 crore in March 2024.</li><li>The bank's former CEO, Sumanth Kathpalia, along with four others, have been barred by SEBI from accessing the securities market.</li><li>IndusInd Bank revealed the derivatives discrepancy impacting its balance sheet in fiscal 2025, amounting to Rs 1,960 crore.</li><li>The discrepancy was initially disclosed by the bank in March 2025 after an internal team estimated the financial impact and external checks were conducted by a professional firm.</li></ul>

IndusInd Bank's Derivatives Discrepancy Was Known To Management 15 Months Before Disclosure: SEBI

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