Indusind Bank has informed that it had filed an Appeal before the Securities Appellate Tribunal challenging the order bearing reference no. WTM/AB/CFID/CFID_1/20149/2022-23 dated October 4, 2022 passed by SEBI in respect of the alleged violations relating to loans granted by the Bank to group companies of CG Power and Industrial Solutions ('SEBI Order'). Vide the SEBI Order, penalty of Rs 1 crore (Rupees One Crore) was imposed against the Bank by SEBI.
The above information is a part of company’s filings submitted to BSE.