Audit Committee

What Went Wrong at IndusInd Bank? Derivatives Accounting Mess and Insider Trading

Leave a Comment / Uncategorized /

On March 10, 2025, IndusInd Bank—a well-known private bank in India—made a shocking announcement. It had been quietly accumulating financial losses for years, and only now, under pressure from a new Reserve Bank of India (RBI) directive, was it telling the public. The total hit? Nearly Rs 1,960 crore in losses, and a significant fall […]

What Went Wrong at IndusInd Bank? Derivatives Accounting Mess and Insider Trading Read More »

Gensol Engineering and the SEBI Order: A Wake-Up Call for Corporate Governance

Leave a Comment / Uncategorized /

On April 15, 2025, the Securities and Exchange Board of India (SEBI) issued a scathing interim order against Gensol Engineering Limited (GEL), alleging serious governance failures: diversion of company funds for personal gain, falsification of documents, misleading disclosures, manipulation of share prices, and a systemic breakdown of internal controls. These findings stem from an investigation

Gensol Engineering and the SEBI Order: A Wake-Up Call for Corporate Governance Read More »