Indusind Bank Shake-Up: Council to re-align top management roles to £ 1,959.98 crore accounting impact | Mint

INDUSIND BANK SUBJECT: The board of Indusind Bank announced on Sunday, April 27, that the company is taking the necessary steps to reinvest the top management roles and responsibilities, according to the Exchange filing. “The report also investigated the roles and actions of key employees in this context. The council takes the necessary steps to reproduce the liability of the persons responsible for this dilapidated, and the roles and responsibilities of senior management,” said Indusind Bank in the BSE filing. On March 20, 2025, the board appointed an external independent professional firm to conduct an extensive investigation to identify the cause of the financial contradictions. The independent professional firm presented its report to the bank on April 26, 2025, after which the bank determined that the cumulative financial impact on £ 1,959.98 crores was from the financial year ended 2025. Indusind Bank share price Indusind Bank shares closed 0.32 percent lower at £ 822.25 after Friday’s stock market, compared to £ 819.65 during the previous market session. Indusind Bank shares have given more than 75 percent returns on their investment over the past five years. However, the share has lost 44.86 percent over the past one year. The shares have gained 26.18 percent in the past one month. On June 2024, Indusind Bank’s shares hit their 52-week high level at £ 1,550, while the 52-week was low level on 12 March 2025 at £ 605.40, according to the data collected on the BSE website. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions. First published: 27 Apr 2025, 22:57 IST