IndusInd Bank CEO Tackles Discrepancies in the Wake of Leadership Issues

IndusInd Bank CEO Sumant Kathpalia said that the Reserve Bank of India (RBI) did not ask the bank to probe discrepancies in its derivatives portfolio but were found through an internal review. The differences are likely to affect the net worth of the bank by 2.35% as of Dec 2024. Kathpalia also observed that the RBI might be unhappy with his management, which may be the reason for the one-year extension approved instead of the three years demanded. Despite such hurdles, the operations and expansion plans of the bank are in place.

 

Source: CNBC-TV18