IndusInd allowed a designated employee to run an options position on its own shares until March 6, 2025—just days before it disclosed a hit equivalent to 2.4% of its net worth, or about ₹15 billion, from accounting lapses.From January 2023, insiders at the bank executed 47 equity derivative trades while possessing confidential financial information. Why start from January 2023? That’s when the bank’s FX derivatives book began to unravel—a fact known internally but not to auditors or the public.
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