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SUMANT KATHPALIA PROFILE
IndusInd Bank shares slip 6% after internal audit flags Rs 595 crore discrepancy in 'other assets'IndusInd Bank shares: In a regulatory filing on Thursday, the bank disclosed that a discrepancy was identified following a whistleblower co...- Moody's Ratings downgrades IndusInd Bank’s standalone credit profile, changes outlook to negativeMoody's downgraded IndusInd Bank's baseline credit assessment due to concerns about management oversight and strategic uncertainty followin...
- Traders create fresh bearish derivative bets on IndusInd BankIndusInd Bank faces bearish sentiment as its CEO resigned amid forex derivative accounting discrepancies, leading to increased uncertainty....
- IndusInd Bank crisis: CEO exits after Rs 1,959 crore loss disclosure - How bad is it?IndusInd Bank faces turmoil as CEO Sumant Kathpalia resigns after the bank absorbs significant losses from incorrect accounting practices i...
- 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 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 ropes in EY to conduct another audit, to probe Rs 600 crore discrepancy in microfinance portfolioIndusInd Bank has appointed EY to conduct a forensic audit into a ₹600 crore discrepancy related to interest income in its microfinance por...
- Private banks' first quarter financials red flag rough seas aheadApart from the seasonal impact, heightened due to general elections and heat waves across the country that affected business activities, mo...
- Covid Impact: Banks might be staring at a spike in retail NPAsRBL Bank's gross NPAs fell to 1.84% compared to 3.33% a year ago, but including loans that were not classified as NPAs due to a Supreme Cou...
- Sobti to have advisory role at IndusInd BankIn January, after announcing the bank’s third quarter results, his last as CEO, Sobti had said that he would continue to be associated with...
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