Shares of India's IndusInd Bank fall after management shakeout
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2025
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Source: Reuters
CEO Resignation and Stock Impact: IndusInd Bank's CEO Sumant Kathpalia resigned due to a derivatives accounting lapse, causing the bank's shares to drop nearly 3% and a total decline of 13% year-to-date.
Management Transition: Following the resignation, the bank will be managed by a committee of senior executives until a new CEO is appointed, with Soumitra Sen and Anil Rao overseeing operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
