đ¨ Abstract
IndusInd Bank's MD & CEO, Sumant Kathpalia, has resigned following accounting lapses that cost the bank Rs 1,960 crore in the 2024-25 fiscal year. The lapses were discovered in the derivative portfolio, and the adverse impact on net worth is approximately 2.27%. The bank's Deputy CEO and CFO had previously resigned.
Courtesy: theprint.in
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