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SUMANT KATHPALIA RESIGNATION
IndusInd's ex-CFO files Rs 70-cr suit over wrongful terminationFormer IndusInd Bank CFO Gobind Jain has filed a ₹70-crore lawsuit against the bank in the Bombay High Court, alleging wrongful termination...- SFIO widens probe into IndusInd Bank; summons audit firms over ₹2,000 crore derivatives irregularitiesThe Serious Fraud Investigation Office is investigating IndusInd Bank's derivatives portfolio. Major audit firms associated with the bank o...
- IndusInd Bank accounting lapses since 2015: Ex-CFO flags Rs 2,000 cr losses, insider trading claimsIndusInd Bank faces scrutiny over accounting irregularities dating back to 2015. Former CFO Gobind Jain blew the whistle, alleging senior m...
- Rajiv Anand takes charge as IndusInd Bank CEORajiv Anand has officially assumed the role of CEO and managing director at IndusInd Bank, as announced in a recent exchange filing. Anand'...
- RBI extends IndusInd Bank oversight committee tenure till August 28The Reserve Bank of India has extended the oversight committee's tenure at IndusInd Bank until August 28, 2025, or until a new MD & CEO is ...
- IndusInd Bank to raise up to $3.5 billion, allow Hindujas to nominate two board seatsIndusInd Bank aims to raise up to $3.47 billion through debt and securities to recover from a $230 million accounting lapse that led to exe...
- Anup Saha quits as Bajaj Finance MD after just 4 monthsAnup Kumar Saha resigned as managing director of Bajaj Finance, a few months after his appointment, citing personal reasons. This comes as ...
- IndusInd Bank to consider raising funds via long-term bondsIndusInd Bank is set to discuss raising funds through long-term bonds at its upcoming board meeting on July 23. This consideration follows ...
- ICICI Prudential refutes report linking MD & CEO to IndusInd Bank top jobICICI Prudential Life Insurance has refuted a media report that suggested its MD & CEO was being considered for the top position at IndusIn...
- IndusInd Bank recommends Borkar & Muzumdar as joint statutory auditor to shareholders after RBI nodIndusInd Bank, having secured RBI approval, proposes Borkar & Muzumdar as joint statutory auditors, pending shareholder approval at the 31s...
- IndusInd Bank to look into 'insider trading' allegation after independent probeIndusInd Bank acknowledges an independent review flagged potential insider trading issues involving its CEO and deputy, who traded shares b...
- IndusInd accounting lapse row: CEO's exit may point to more issues, hit recovery, marginsIndusInd Bank faces uncertainty as CEO Sumant Kathpalia resigned following a ₹1,960-crore loss due to derivatives discrepancies, raising co...
- Panel to run IndusInd Bank till new CEO logs inFollowing CEO Sumant Kathpalia's resignation amid derivatives portfolio discrepancies, the RBI has approved IndusInd Bank's interim "commit...
- IndusInd Bank constitutes committee of executives to run bank following CEO's resignationFollowing CEO Sumant Kathpalia's resignation over a Rs 1,960 crore derivatives portfolio accounting lapse, IndusInd Bank's board has formed...
- All about Sumant Kathpalia, who resigned from IndusInd Bank amid derivatives discrepancies rowSumant Kathpalia, IndusInd Bank's MD and CEO, resigned amidst a derivatives portfolio controversy. The resignation follows the bank's discl...
- IndusInd Bank shares tumble 3% after management shakeoutIndusInd Bank faces a leadership crisis as MD & CEO Sumant Kathpalia resigns following accounting discrepancies in its derivatives portfoli...
- RBI approves executive committee to oversee IndusInd Bank operations following CEO Sumant Kathpalia's exitThe Reserve Bank of India has approved an interim executive committee to manage IndusInd Bank in the absence of its CEO. Senior executives ...
- Sumant Kathpalia resigns as IndusInd Bank CEO, takes 'moral responsibility' of the derivatives debacleIndusInd Bank CEO Sumant Kathpalia resigned following the revelation of significant losses linked to misaccounted derivative trades, taking...
- IndusInd Bank to expedite search for a new CEOET had reported in March the IndusInd board has hired global executive search firm Egon Zehnder to assist in identifying candidates for bot...
- IndusInd Bank CEO Sumant Kathpalia quits after derivatives discrepancies rowSumant Kathpalia resigned as MD and CEO of IndusInd Bank. This follows Arun Khurana's departure and RBI concerns. An investigation revealed...
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