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flag IndusInd Bank's chairman Sunil Mehta to step down in Jan 2026 after record quarterly loss tied to derivative issues.

flag 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. flag The downturn led to the exit of former CEO Sumant Kathpalia and Deputy CEO Arun Khurana, while investors criticized delayed disclosures and weak oversight. flag 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. flag The board is restructuring, with plans to appoint new directors, including key shareholder A.P. flag Hinduja.

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