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SEBI Bars Former IndusInd Bank CEO and Four Others from Market for Insider Trading.

Banking & Finance | Dated: 31 May 2025

On May 28, 2025, the Securities and Exchange Board of India (SEBI) barred former IndusInd Bank Chief Executive Officer (CEO) Sumant Kathpalia and four other senior officials from trading in the securities market, following allegations of insider trading.

🎯 Key Highlights:

  • - The other executives named in the order are Arun Khurana (former executive director and deputy CEO), Sushant Sourav (head of Treasury operations), Rohan Jathanna (head of GMG operations), and Anil Marco Rao (chief administrative officer for consumer banking operations).

💡 Other Important Facts:

  • (i) The action follows an investigation into alleged trades in IndusInd Bank shares made while the executives were in possession of Unpublished Price-Sensitive Information (UPSI).
  • (ii) Jio BlackRock Asset Management Company (AMC) has received the final approval from SEBI to start a Mutual Fund (MF) business.

📚 Test Your Knowledge:

Recently, which former CEO of IndusInd Bank was barred by SEBI from securities trading due to insider trading allegations?

Correct Answer: Sumant Kathpalia

🚀 Quick Recap:

About SEBI

  • Chairperson: Tuhin Kanta Pandey
  • Headquarter : Mumbai