India's markets regulator, the Securities and Exchange Board of India (SEBI), is investigating insider trading allegations involving key officials at IndusInd Bank. Reports indicate that initial findings from PricewaterhouseCoopers (PwC) may have prompted a forensic audit of the bank. The scrutiny comes as IndusInd Bank's shares have declined amid concerns over accounting irregularities. In March, the bank raised $2 billion through market deposits to bolster its financial position. Meanwhile, other Indian banks, including Punjab & Sind Bank and UCO Bank, have recently completed Qualified Institutional Placements (QIPs), raising substantial funds to enhance their capital bases. The Indian government has stated that the issues at IndusInd Bank stem from internal compliance lapses and do not indicate systemic risk to the banking sector.