No systemic risk from discrepancies at IndusInd Bank: RBI Dy Guv
RBI Deputy Governor Swaminathan J said IndusInd Bank's discrepancies pose no systemic risk to the banking sector. Governor Sanjay Malhotra said, "The bank's former CEO Sumant Kathpalia has taken moral responsibility and resigned, that should be good enough." Kathpalia's resignation came amid multiple regulatory concerns, lapses in loan provisioning and asset classification within the bank.