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Sparsh Jindal

29th Apr 2025 · SEBI-Registered Analyst

IndusInd Bank Shares Rise After Deputy CEO Resigns Amid Derivatives Lapses

IndusInd Bank’s shares rose 2.2% after Deputy CEO Arun Khurana resigned following accounting discrepancies in the derivatives portfolio. The bank plans corrective actions, reflecting a ₹1,979 crore hit to net worth, and has discontinued internal derivative trades to strengthen controls.

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