INDUSINDBK

: CEO Resigns Over ₹1,960 Cr Forex Derivatives Loss

⚠️ CEO Sumant Kathpalia has resigned, citing moral responsibility after IndusInd Bank reported ₹1,960 crore in losses due to forex derivatives accounting issues. The Deputy CEO and CFO also stepped down. Bearish bets surged with a 7% rise in open interest. Analysts say leadership change will be key to stock sentiment.