Must-Read

SEBI bars ex-IndusInd Bank CEO Sumant Kathpalia from securities market over insider trading

Update / Judgement Date

29 May 2025

Source

Bar and Bench

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate Law & GovernanceSEBI & SCRA

SEBI bans ex-IndusInd Bank CEO from securities market - The Securities and Exchange Board of India (SEBI) has barred Sumant Kathpalia, the former CEO of IndusInd Bank, and four other individuals from accessing the securities market. This action comes after an alleged insider trading case involving IndusInd Bank shares. SEBI impounded ₹19.78 crore from the five individuals, who are accused of trading on unpublished price-sensitive information related to a Reserve Bank of India (RBI) Master Direction that significantly impacted the bank. The ban will remain in effect until further orders are issued, marking a strict enforcement action against corporate misconduct.

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SEBI bars ex-IndusInd Bank CEO Sumant Kathpalia from securities market over insider trading

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