India $6.3 Billion IndusInd Bank CEO Sumant Kathpalia & Deputy CEO Arun Khurana Resigned after $230 Million Loss from Incorrect Accounting from Internal Derivatives Trading Discovered in 2024 October, IndusInd Bank Key Shareholder is UK-Based Hinduja Family with 15.8% Shareholding, IndusInd Bank Founded in 1994 & Promoted by Srichand Hinduja
30th April 2025 | Hong Kong
India IndusInd Bank ($6.3 billion market value) CEO Sumant Kathpalia & Deputy CEO Arun Khurana have both resigned after reporting $230 million loss from incorrect accounting from internal derivatives trading discovered in 2024 October. IndusInd Bank key shareholder is UK-based Hinduja family with 15.8% shareholding. IndusInd Bank was founded in 1994, and promoted by Srichand Hinduja. Profile – IndusInd Bank, which commenced operations in 1994, caters to the needs of both consumer and corporate customers. Its technology platform supports multi-channel delivery capabilities. As on March 31, 2022, IndusInd Bank has 2,265 Branches / Banking Outlet and 2,767 ATMs spread across 776 geographical locations of the country. The Bank also has representative offices in London, Dubai and Abu Dhabi. The Bank believes in driving its business through technology. It enjoys clearing bank status for both major stock exchanges – BSE and NSE – and major commodity exchanges in the country, including MCX, NCDEX and NMCE. IndusInd Bank was included in the NIFTY 50 benchmark index on April 1, 2013.
“ India $6.3 Billion IndusInd Bank CEO Sumant Kathpalia & Deputy CEO Arun Khurana Resigned after $230 Million Loss from Incorrect Accounting from Internal Derivatives Trading Discovered in 2024 October, IndusInd Bank Key Shareholder is UK-Based Hinduja Family with 15.8% Shareholding, IndusInd Bank Founded in 1994 & Promoted by Srichand Hinduja “
India $6.3 Billion IndusInd Bank CEO Sumant Kathpalia & Deputy CEO Arun Khurana Resigned after $230 Million Loss from Incorrect Accounting from Internal Derivatives Trading Discovered in 2024 October, IndusInd Bank Key Shareholder is UK-Based Hinduja Family with 15.8% Shareholding, IndusInd Bank Founded in 1994 & Promoted by Srichand Hinduja

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