The bank has discovered a USD 175 million accounting discrepancy related to currency derivatives. Shares have dropped over 28 per cent since the Reserve Bank of India decided to extend the term of CEO Sumant Kathpalia's by a year.
Mumbai (Maharashtra) [India], September 16 (ANI): The share price of IndusInd Bank surged by around three per cent on Friday after the re-appointment of Sumant Kathpalia as managing director (MD) and chief executive officer (CEO) of the company.
Mumbai (Maharashtra) [India], June 7 (ANI): Private sector lender IndusInd Bank has made it to the Carbon Disclosure Project (CDP) list for sixth consecutive time, making it the only Indian bank to get featured in the prestigious list.
Mumbai (Maharashtra) [India], Mar 26 (ANI): Shares of private sector lender IndusInd Bank touched upper circuit on Thursday afternoon, snapping an eight-day losing streak and clocking the biggest-ever intra-day gain.
Mumbai (Maharashtra) [India], Mar 24 (ANI): Private sector lender IndusInd Bank has said that newly-appointed Managing Director and Chief Executive Officer (CEO) Sumant Kathpalia will take charge from Tuesday for three years.
Mumbai (Maharashtra) [India], Feb 28 (ANI): Private sector lender IndusInd Bank has announced the appointment of Sumanth Kathpalia as the Managing Director and Chief Executive Officer succeeding Romesh Sobti.