FPJ News Service mumbai

Market regulator SEBI is reportedly investigating possible insider trading by five senior IndusInd bank officials. The probe follows the bank's disclosure of significant accounting lapses in its derivatives portfolio, the Economic Times reported on Thursday. 

The bank's shares have fallen over 27% since the discrepancies were first reported on March 10. IndusInd Bank is India's fifth largest private lender with a $63 billion balance sheet. Investigation into trades during undisclosed price-sensitive information

The market regulator, SEBI, is looking for details of trades made by five senior officials when they were aware of undisclosed price-sensitive information pertaining to IndusInd Bank. SEBI proposes limiting expiry days of derivatives contracts to Tue & Thu

SEBI on Thursday proposed that expiries of all equity derivatives contracts of an exchange will be uniformly limited to one of either Tuesdays or Thursdays. This would provide optimal spacing between expiries across exchanges, while avoiding choice of either the first day of the week or the last day as an expiry day.