IndusInd Financial institution Disaster Sparks Pressing Name for Stronger Unbiased Director Accountability in Indian Banking, ETCFO

IndusInd Financial institution Disaster Sparks Pressing Name for Stronger Unbiased Director Accountability in Indian Banking, ETCFO

Financial institution impartial administrators beneath lens after IndusInd Financial institution governance disaster The position of impartial administrators (IDs) on the boards of personal banks has come beneath renewed scrutiny following the governance lapses at IndusInd Financial institution, the place a $175–230 million accounting discrepancy linked to undisclosed spinoff exposures has triggered regulatory and market alarm….

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IndusInd Financial institution Appoints Borkar & Muzumdar as Joint Statutory Auditor Put up RBI Approval, ETCFO

IndusInd Financial institution Appoints Borkar & Muzumdar as Joint Statutory Auditor Put up RBI Approval, ETCFO

After getting Reserve Financial institution of India’s approval, the IndusInd Financial institution on Friday introduced that it has advisable the appointment of Borkar & Muzumdar as joint statutory auditor to the shareholders. “M/s Borkar & Muzumdar will maintain workplace from the conclusion of thirty first Annual Common Assembly (AGM) to be held in 2025 till…

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IndusInd Financial institution Recovers from Fraud Disaster: RBI’s Optimistic Outlook, ETCFO

IndusInd Financial institution Recovers from Fraud Disaster: RBI’s Optimistic Outlook, ETCFO

Mumbai, Reserve Financial institution Governor Sanjay Malhotra on Friday stated fraud-hit IndusInd Financial institution is “doing properly” now, and added that the resignation of MD and CEO Sumant Kathpalia ought to be seen as a “ok” step from an accountability perspective. The RBI additionally stated the financial institution has complied with all of the regulatory…

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SEBI bans former IndusInd Financial institution CEO Sumant Kathpalia, 4 others from securities market

SEBI bans former IndusInd Financial institution CEO Sumant Kathpalia, 4 others from securities market

Might 28, 2025 09:10 PM IST IndusInd Financial institution executives are accused of buying and selling in IndusInd Financial institution shares whereas in possession of unpublished price-sensitive data (UPSI) Markets regulator Sebi on Wednesday barred former Chief Govt Officer of IndusInd Financial institution, Sumant Kathpalia, and 4 others from accessing the securities markets, in reference…

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Indian Inventory Markets Soar Over 4% In Greatest Weekly Efficiency Since Oct 2024 | Economic system Information

Indian Inventory Markets Soar Over 4% In Greatest Weekly Efficiency Since Oct 2024 | Economic system Information

Mumbai: Indian inventory markets witnessed a stellar rally within the week ended Might 16, delivering over 4 per cent returns to traders and recording the perfect weekly efficiency because the week ending October 4, 2024. The benchmark Nifty surged by 1,011.80 factors or 4.21 per cent – marking its strongest weekly achieve in additional than…

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Unique-Forensic evaluate discovered India’s IndusInd Financial institution executives traded shares earlier than accounting disclosure, doc exhibits, ETCFO

Unique-Forensic evaluate discovered India’s IndusInd Financial institution executives traded shares earlier than accounting disclosure, doc exhibits, ETCFO

By Aditya Kalra and Siddhi Nayak NEW DELHI/MUMBAI -A forensic evaluate by audit and advisory agency Grant Thornton discovered two executives of India’s IndusInd Financial institution traded in its shares whereas they have been conscious of accounting lapses on the financial institution however earlier than these have been made public, a doc reviewed by Reuters…

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IndusInd Financial institution CEO Kathpalia Quits Due To Derivatives Accounting Lapse | Economic system Information

IndusInd Financial institution CEO Kathpalia Quits Due To Derivatives Accounting Lapse | Economic system Information

New Delhi: IndusInd Financial institution introduced on Tuesday that its Managing Director and CEO Sumant Kathpalia has resigned from his submit in connections with the derivatives accounting lapse that has eroded the personal sector financial institution’s web price.  The event comes a day after Deputy CEO Arun Khurana give up after accounting discrepancies have been…

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Sumant Kathpalia, MD and CEO of crisis-hit IndusInd Financial institution resigns, ETCFO

Sumant Kathpalia, MD and CEO of crisis-hit IndusInd Financial institution resigns, ETCFO

Amid the continuing fiasco, the IndusInd Financial institution on Tuesday introduced the resignation of Sumant Kathpalia from the place of Managing Director (MD) and chief government officer (CEO) with impact from the shut of working hours on April 29, 2025. “We hereby inform that Mr. Sumant Kathpalia (DIN:01054434), Managing Director & CEO, Key Managerial Personnel…

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IndusInd Financial institution’s deputy CEO Arun Khurana resigns amid accounting blunder, share rout

IndusInd Financial institution’s deputy CEO Arun Khurana resigns amid accounting blunder, share rout

Apr 28, 2025 10:01 PM IST Arun Khurana headed the worldwide markets division of the financial institution, which included the derivatives portfolio. India’s IndusInd Financial institution on Monday introduced the resignation of deputy CEO Arun Khurana, weeks after the personal lender disclosed accounting lapses in its derivatives portfolio that triggered a rout in its shares….

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