IndusInd Bank Limited — Important, 28-04-2025: General Updates

Mr. Arun Khurana has resigned from his role as Whole-time Director and Deputy CEO of IndusInd Bank, effective immediately. His departure follows a recent identification of adverse accounting impacts on the bank's P&L due to incorrect accounting for internal derivative trades, for which he was responsible. This change in leadership could potentially lead to further operational adjustments and impact investor sentiment. The bank may need to act swiftly to ensure a smooth transition and restore confidence among stakeholders.