IndusInd Bank reports $230M loss, CEO resigns
after close1 source ↓written by the desknot a recommendation
- after RBI approved
- 0.5% to ₹846.95
- its stake
- 9.5%
- 14 Dec 2026
IndusInd Bank reported a record quarterly loss of $230 million for the period ending 31 Mar, prompting the resignation of CEO Sumant Kathpalia and Deputy CEO Arun Khurana. Following the news, shares fell 0.5% to ₹846.95 after RBI approved HDFC Bank to increase its stake to 9.5% until 14 Dec 2026.
This development raises concerns about leadership stability and may impact investor sentiment in the banking sector.
Not investment advice. For informational purposes only.