IndusInd Bank has issued a formal statement addressing recent media reports concerning alleged insider trading investigations. The Bank has explicitly denied receiving any summons from authorities, as suggested by news coverage dated May 18, 2026. Furthermore, the Bank characterized specific mentions of its Company Secretary and the Audit Committee Chairperson as unsubstantiated, urging stakeholders and the public to refrain from relying on unverified information while awaiting official updates.
Clarification on Media Coverage
In a formal communication released on May 19, 2026, IndusInd Bank addressed a recent news report published by Moneycontrol. The report had alleged that the Bank’s Company Secretary was summoned by authorities in connection with an ongoing insider trading case involving a former top official from client companies.
Bank’s Official Stance
IndusInd Bank has categorically stated that it has not received any summons from authorities regarding the matters highlighted in the media report. By addressing these claims directly, the leadership aims to maintain transparency and investor confidence amid speculative reporting.
Dismissal of Unsubstantiated Allegations
The Bank further clarified that the references made to its Company Secretary and the Audit Committee Chairperson, Ms. Bhavna Doshi, are entirely unsubstantiated. The management has expressed strong disapproval of the circulating claims and has formally requested that stakeholders refrain from drawing any conclusions based on unverified media reports. The Bank maintains that its operations continue to align with standard corporate governance practices.
Source: BSE
