IndusInd Bank needs the Hindujas to take the wheel

A gaping hole in its books in the midst of a leadership crisis has seriously impacted India’s fifth largest private sector lender. Can its MIA promoters step up and restore the confidence of depositors and investors?

17 March, 202513 min
1
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Business
Story image

SBI Mutual Fund gains at the cost of its parent

India’s largest lender is going out of its way to grow its mutual fund business at the cost of shareholders, raising questions of corporate governance.

Business
Story image

Yes Bank’s retail woes seem to have no end

The bank’s retail business continues to rack up losses. Worse, the current leadership is in a limbo and doing nothing about it.

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.