The Economic Times News

IndusInd Bank chairman Sunil Mehta to step down in January amid organisational overhaul, sources say

IndusInd Bank Chairman Sunil Mehta is expected to step down when his term ends in January, according to sources, amid ongoing leadership changes following major accounting and governance lapses. The bank recently posted its largest-ever quarterly loss after a $230 million hit linked to undisclosed issues in its derivatives portfolio problems that also led to the exit of the former CEO and deputy CEO.