You can see an enlightened sign or an Indusind bank outside one of its branches, in New Delhi, India, on September 20, 2024.
Indusind Bank has raised the Santosh Kumar chief accountant as its Financial Deputy Director (CFO), special finance and accounts officer, and designated it as a “key management staff” of the bank, with an effect since April 18, according to an exchange notification.
The lender had an additional position of CFO to Arun Khurana in January, who is the ED and the Bank’s deputy CEO, after former CFO Gobind Jain resigned from his publication by citing personal reasons. With the change, Khurana will continue to occupy the attached CEO position after being relieved of his service as CFO.
“Santosh Kumar is authorized in such a capacity, to head the functions of finance and bank accounts until a full -time CFO is designated,” the warning said.
The upper level rejigs arrive at a time when an external agency designated by Indusind Bank has confirmed that it has found discrepancies in the Litro derivative portfolio, and estimated a “negative impact” or ₹ 1,979.
While the approach now changes to the report of the external agency that will seek the root cause of the failure, the lowest loss than expected above is considered incrementally positive for the short -term lender, the Macquaire runner recently said. The clarity about the succession of the current MD, the CEO Adsant Kathpalia, is now being very eye for the market participants.
Posted on April 17, 2025