IndusInd Bank CEO Sumant Kathpalia Resigns Amid ₹2,000 Crore Derivatives Accounting Lapse:
Sumant Kathpalia, the Managing Director and Chief Executive Officer (MD & CEO) of IndusInd Bank, has resigned with immediate effect, taking moral responsibility for severe accounting discrepancies in the bank’s derivatives portfolio. The lapses, which were uncovered during an internal investigation and confirmed by external audit firms, have led to a cumulative loss of nearly ₹2,000 crore.
