Six IndusInd Bank employees are being investigated for engaging in insider trading: Report

According to two people with direct knowledge of the situation, India's markets regulator is looking into six IndusInd Bank officials for insider trading in order to find out if they sold stock options despite knowing about the bank's accounting errors before they were made public.

According to them, the Securities and Exchange Board of India (SEBI) is looking into the timing of these six executives' trades to determine whether the sales went against the rules and the internal code of conduct of the country's fifth-largest lender.

According to the sources, the investigations are still in their early phases, and the bank and the individuals have not yet received show-cause warnings or a formal request for a response from the regulator.