New Delhi: IndusInd Bank MD and CEO Sumant Kathpalia on Tuesday resigned with immediate effect in the wake of accounting lapses costing Rs 1,960 crore to the lender in the 2024-25 fiscal year. Kathpalia, Managing Director CEO, has by his letter dated April 29, 2025, resigned from services of the bank with effect from the close of working hours on April 29, 2025, IndusInd Bank said in a regulatory filing. I undertake moral responsibility, given the various acts of commission/omission that
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