SEBI Corrects IndusInd Bank Insider Trading Order Reference

SEBI, the stock market regulator, corrected a small error in an earlier announcement about an insider trading case involving IndusInd Bank.

The mistake was about the name of a document; it was changed from "board note" to "engagement note."

This correction ensures the information is accurate.

The clarification was made in relation to the appointment of KPMG in February 2024.

After this revision, there was focus on corporate governance.

The RBI, which is the central bank of India, also commented, noting that the bank has taken steps to improve accounting and the shares rose over 5% after the statement.