SEBI Chief is investigating securities market violations by IndusInd Bank officials in regards to the crisis-hit bank.
RBI will also be involved in addressing the issues at IndusInd Bank, including potential fraud and regulatory matters.
IndusInd Bank suspects certain employees of involvement in fraud related to derivatives and microfinance portfolio, leading to top-level resignations.
Internal audit revealed senior bank officials overriding key controls, prompting the bank to report likely senior management involvement in accounting fraud to the central government.