IndusInd Bank is facing a potential top-level reshuffle following the revelation of significant discrepancies in its ...

At least three top executives may step down in the coming months, including CEO Sumant Kathpalia and Deputy CEO Arun Khurana, ...

IndusInd Bank announced in a statement that based on the report, it has assessed an adverse impact (on a post-tax basis) of 2 ...

The bank added that the hit would appropriately reflect the resultant impact in the financial statements for FY25 and ...

While the country’s regulatory framework already prescribes several safeguards, these incidents raise the question whether ...

IndusInd Bank has appointed EY to conduct a forensic audit into a ₹600 crore discrepancy related to interest income in its ...

In a regulatory filing, the lender confirmed that the financial implications of this derivatives issue will be reflected in ...

IndusInd Bank faces ₹1,979 crore loss due to derivatives discrepancies, impacting net worth and CEO reappointment by RBI.

Whether it’s a bank, a pharmaceutical firm or even a chocolate maker, people associated with an event that is allegedly dubious step aside or offer to do so to ensure a fair investigation of the ...

The European Central Bank cut interest rates for the seventh time in a year on Thursday, looking to prop up a struggling euro ...

Derivatives are financial contracts whose value is derived from underlying assets such as currencies, interest rates, or ...

MUMBAI, April 4 (Reuters) - IndusInd Bank ignored established Indian derivative ... Gobind Jain, approached CEO Sumant Kathpalia to flag "suspicious transactions" in the derivative trades ...