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IndusInd Bank's chairman Sunil Mehta to step down in Jan 2026 after record quarterly loss tied to derivative issues.
IndusInd Bank Chairman Sunil Mehta will step down in January 2026 as part of a major leadership overhaul following the bank’s largest quarterly loss ever, driven by a $230 million accounting write-down tied to derivative portfolio issues.
The downturn led to the exit of former CEO Sumant Kathpalia and Deputy CEO Arun Khurana, while investors criticized delayed disclosures and weak oversight.
Since August 2025, new CEO Rajiv Anand has led senior appointments and aims to resolve accountability gaps by the next financial year, targeting a 1% return on assets and faster-than-average growth.
The board is restructuring, with plans to appoint new directors, including key shareholder A.P.
Hinduja.
El presidente de IndusInd Bank, Sunil Mehta, renunciará en enero de 2026 después de una pérdida trimestral récord vinculada a cuestiones derivadas.