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IndusInd Bank Faces ₹595 Crore Accounting Lapse, Internal Audit Flags Serious Control Failures

New Delhi: IndusInd Bank is grappling with serious internal audit findings after a whistleblower complaint triggered a deeper examination of its books. The bank disclosed that its Internal Audit ...
Reuters

IndusInd Bank CEO quits as accounting lapse triggers management shakeup

April 29 (Reuters) - Indian private lender IndusInd Bank (INBK.NS), opens new tab said on Tuesday CEO Sumant Kathpalia has resigned with immediate effect, marking a management shakeup following a ...
Reuters

IndusInd Bank flags 2.27% net worth hit from accounting lapse post external probe

April 15 (Reuters) - India's IndusInd Bank (INBK.NS), opens new tab said on Tuesday it estimates a 2.27% hit to its net worth as of December-end after an external agency found discrepancies in its ...
TechCrunch

Thousands of Indian bank transfer records found spilling online after security lapse

A data spill from an unsecured cloud server has exposed hundreds of thousands of sensitive bank transfer documents in India, revealing account numbers, transaction figures, and individuals’ contact ...
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IndusInd Bank CEO Sumant Kathpalia Quits Due To Derivatives Accounting Lapse

Mumbai: IndusInd Bank announced on Tuesday that its Managing Director and CEO Sumant Kathpalia has resigned from his post in connections with the derivatives accounting lapse that has eroded the ...