🛑 *Big Blow at IndusInd Bank: Ex-CEO and 4 Others Banned for Insider Trading* *What happened?* India’s market regulator SEBI (Securities and Exchange Board of India) has banned 5 senior officials of IndusInd Bank — including former CEO Sumant Kathpalia and Deputy CEO Arun Khurana — from trading in the securities market. *Why were they banned?* They are accused of insider trading — which means they allegedly used secret internal information (not available to the public) to buy or sell shares and make profits or avoid losses. This sensitive information was related to discrepancies (errors) in the bank’s derivative portfolio, which could impact the bank’s financial results. *What action did SEBI take?* • SEBI has impounded ₹19.78 crore, which is the amount these 5 officials allegedly avoided losing by using insider info. • This is part of an interim (temporary) order while the full investigation continues. *Who are the 5 officials?* 1. Sumant Kathpalia – Former CEO 2. Arun Khurana – Deputy CEO 3. Sushant Sourav – Head of Treasury Operations 4. Rohan Jathanna – Head of GMG Operations 5. Anil Marco Rao – Head of Consumer Banking *What did they do wrong?* These executives allegedly traded IndusInd shares while knowing internal financial trouble, especially with the bank’s derivative positions. SEBI says this violates insider trading rules, because they acted before the public knew about these issues. *What happened after this?* • On April 29, both Kathpalia and Khurana resigned from the bank. • A new Committee of Executives has been formed at the bank to handle operations.