IndusInd Bank will recover salary and bonuses from its former CEO Sumant Kathpalia and deputy CEO Arun Khurana after an internal review flagged misreporting, reported Reuters. In May, the bank disclosed a ₹1,960-crore hit due to years of misreporting internal derivative trades, which led to Kathpalia and Khurana's exits. The clawback could cover period between December 2023 and March 2025.
short by
Bhawana Chaudhary /
02:26 pm on
11 Nov