Show Quick Read Summary is AI-generated, newsroom-reviewed

The Mumbai-headquartered IndusInd Bank's ex-deputy chief Arun Khurana has deposited 50% of alleged insider trading gains with Securities Exchange Board of India (SEBI).

The restrictions on the former IndusInd Bank personnel's bank account have been lifted, according to a stock exchange filing.

The private sector lender faced a crisis earlier this year post accounting and governance issues came to light, that ultimately led to the departures of its ex-CEO Sumant Kathpalia and Khurana.

The market regulator had initiated an investigation on Khurana and five others for insider trading.

Advertisement

Also Read: RBI Proposes Caps on Banks’ Capital Market and Acquisition Exposure

These banking officials were banned from securit

See Full Page