Delayed disclosures of accounting lapses by IndusInd Bank catch Sebi eye

The regulator is looking into possible violations of listing obligation and disclosure requirements regulations

The Securities and Exchange Board of India (Sebi) is probing whether there were delays in disclosures of discrepancies in derivatives accounting and lapses by IndusInd Bank and its then management, according to people aware of the development. 

While the capital markets regulator is investigating alleged insider-trading violations, it is also reviewing documents and data for any possible violations of the Sebi (Listing Obligations and Disclosure Requirements) Regulations (LODR). The market regulator recently sought the forensic report from the bank, which it is analysing along with emails and other data to probe any violations, said sources. 

“Along with possible Sebi (Prohibition