IndusInd Bank CEO, deputy traded in its shares before derivatives fiasco disclosure, says report

A forensic audit has found that Sumant Kathpalia and Arun Khurana traded in the bank’s shares before its accounting lapses were made public

08 May, 20252 min
0
IndusInd Bank CEO, deputy traded in its shares before derivatives fiasco disclosure, says report

You may also like

Business
Story image

The other challenge that Rajiv Anand faces at IndusInd Bank

High levels of attrition, a leadership coterie and allegations of a toxic work culture combine to give the new CEO an HR headache—one that he must tackle with little help from the RBI.

Business
Story image

Exits not enough, RBI wants IndusInd Bank to do more

After the derivatives hedging fiasco triggered the resignations of top executives, indications are that the regulator expects the private lender’s board to do a thorough cleanup.

Markets
Story image

IndusInd Bank’s near Rs 2,000 cr financial dent was caused by ‘incorrect accounting’

An independent investigation, in its report, blames the notional recording of profits by the bank in its internal derivatives trades.