Banking Scandal News - Latest Updates & Headlines
Probing possible violations in IndusInd Bank case: SEBI Chairman
New Delhi, May 22: The Securities and Exchange Board of India (SEBI) is investigating possible violations in the IndusInd Bank case, following the bank's disclosure of suspected fraud and concerns over insider trading, SEBI Chairman Tuhin Kanta Pandey said here on Thursday.
IndusInd Bank clocks Rs 2,329 crore loss in Q4, to submit new names for CEOs
New Delhi, May 21: IndusInd Bank on Wednesday reported a net loss of Rs 2,329 crore in the March quarter (Q4 FY25), compared to a profit of Rs 2,349.15 crore in the same period of the previous financial year.
IndusInd Bank CEO Kathpalia quits due to derivatives accounting lapse
Mumbai, April 29: 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 private sector bank's net worth.