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2025-04-30 20:39:15| The Economic Times

IndusInd Bank faces uncertainty as CEO Sumant Kathpalia resigned following a 1,960-crore loss due to derivatives discrepancies, raising concerns about delayed recovery and business disruptions. Analysts suggest appointing a private-sector banker as the new CEO to navigate challenges in key portfolios like vehicle finance and microfinance. The bank's asset quality is under pressure, with rising non-performing assets.

Category: News and Media

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2025-04-30 20:34:45| The Economic Times

Following CEO Sumant Kathpalia's resignation amid derivatives portfolio discrepancies, the RBI has approved IndusInd Bank's interim "committee of executives," including Soumitra Sen and Anil Rao, to manage daily operations. This committee will function under board oversight until a new CEO is appointed or for a maximum of three months.

Category: News and Media

2025-04-30 19:12:48| BBC News | Business | World Edition

The approval of the 3.6bn deal will see the 500-year institution taken over by Daniel Kretinsky's EP Group.

Category: News and Media

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