Six officials of IndusInd Bank are under investigation for insider trading amid accounting issues that the bank's management allegedly knew about as early as September 2024. The Securities and Exchange Board of India (SEBI) has asked IndusInd Bank to clarify the delay in disclosing these accounting problems. This controversy has prompted SEBI to potentially delay Hinduja Group's acquisition of Invesco. Meanwhile, the Reserve Bank of India (RBI) has proposed easing investment norms for Alternative Investment Funds (AIFs) by banks and non-banking financial companies (NBFCs). The RBI's revised framework includes a 10% cap on a single regulated entity's contribution to any AIF, stricter provisioning rules, and has invited stakeholder feedback by June 8, 2025. Additionally, lenders have flagged concerns regarding draft gold loan guidelines issued by the RBI, and SEBI's recent orders have raised questions about the risks associated with merchant bankers controlling SME IPO funds.
STORY | RBI proposes to ease norms for investments in AIFs by banks, NBFCs READ: https://t.co/r3tonrO5xK https://t.co/e3SMX5VljL
As part of a revised framework, RBI has proposed a 10% cap on RE contribution to AIFs, stricter provisioning rules, and is inviting stakeholder feedback by 8 June #RBI #ReserveBankOfIndia #AIF #Funds #Markets | @himanshuthk20 https://t.co/vYsIPuPumP
Sebi has asked IndusInd Bank to clarify why it took months to disclose the accounting issues, despite management allegedly being aware of them as early as September 2024 or possibly even earlier. #SEBI #IndusIndBank #ShareMarket | @hymanikant https://t.co/430QGQdhUS