Forensic review reveals IndusInd Bank executives traded in its shares

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The story "Forensic review reveals IndusInd Bank executives traded in its shares" was covered 7 hours ago by Business Standard, a news publisher based in India.

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Forensic review reveals IndusInd Bank executives traded in its shares - Business Standard

Quick Summary:

IndusInd Bank said in March that following an internal review it expected a 2.35% hit to its net worth because of internal derivatives trades that did not comply with central bank rules.

IndusInd Bank shares, which tumbled after the March 10 disclosure, are now down 8% following the central bank's assurances that the lender was well capitalised and its financial position remained satisfactory.

His then deputy, Khurana, sold 320.72 million Indian rupees worth of IndusInd Bank shares during that period.