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IndusInd Bank CEO Sumant Kathpalia resigns amid derivatives accounting lapse

The RBI urged IndusInd Bank CEO Sumant Kathpalia and his deputy Arun Khurana to step down following accounting lapses that have hit the bank's net worth.

Sumant Kathpalia is the second top executive to resign in two days after his deputy Arun Khurana exited on Monday.(Reuters)
Published on Apr 29, 2025 10:41 PM IST
Reuters |

IndusInd Bank's deputy CEO resigns amid accounting blunder, share rout

Arun Khurana headed the global markets division of the bank, which included the derivatives portfolio.

IndusInd Bank Ltd said it found discrepancies in its derivatives portfolio and warned of a one-time hit to earnings.(Bloomberg)
Updated on Apr 28, 2025 10:01 PM IST
Reuters |

IndusInd bank employee in Gurugram held over 35 lakh fraud

Ayushman revealed that he had opened a bank account in a fake firm's name and transferred more than a lakh of the stolen money in it.

The IndusInd bank employee had stored the stolen money in different accounts.(representative image/Bloomberg)
Updated on Apr 12, 2025 09:44 PM IST
PTI |

Sensex, Nifty 50 today: Stock market opens flat after yesterday's rally

Sensex, Nifty 50 today: The stock market opened in the green for the third consecutive time this week as the trading session began on Wednesday, March 19.

Sensex, Nifty 50 today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, February 1, 2023(Niharika Kulkarni/Reuters)
Published on Mar 19, 2025 09:29 AM IST

Stock market opening: Media, real estate, and financial services rise

The stock market opened in the green for the second consecutive time this week as the trading session began on Tuesday, March 18.

People walk past the Bombay Stock Exchange (BSE) building in Mumbai (Francis Mascarenhas/Reuters)
Published on Mar 18, 2025 09:38 AM IST
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