Sources from the RBI indicate that several significant matters requiring the board’s attention were overlooked. Additionally, the bank is struggling to recruit individuals for critical roles left vacant due to the ongoing controversy, which falls within the board’s purview.
IndusInd Bank is currently undergoing an extensive overhaul of its executive team, following the departure of its chief executive, Sumant Kathpalia, over a year ago in the wake of a hedging scandal.
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