Sumant Kathpalia has resigned as the Managing Director and Chief Executive Officer (MD & CEO) of IndusInd Bank, citing moral responsibility in relation to the ongoing controversy surrounding derivatives at the bank. Kathpalia’s resignation was submitted in a letter to the Board of Directors of IndusInd Bank, effective at the close of business hours today.
In his resignation letter, Kathpalia stated, “I undertake moral responsibility, given the various acts of commission/omission that have been brought to my notice.”
The article will be updated with more details
In his resignation letter, Kathpalia stated, “I undertake moral responsibility, given the various acts of commission/omission that have been brought to my notice.”
The article will be updated with more details
