IndusInd Bank Limited CC-Mar25.pdf · 2025-05-21
This is Sunil Mehta, and I will answer the second question first. I just want to sort of let you know that as far as the entire process of accountability is concerned, we will follow without fear and favor the due process of law. And whatever action that needs to be taken, will be undertaken based on whatever is required to be done as per law, by ensuring that we do it expeditiously. The process will continue. The Bank is progressing as normal today. And we don’t have to wait for the next CEO to come in, as far as this process of accountability is concerned and whatever needs to be done from whoever was accountable for the issues that we have just stated in our communication to you.
What we have done is that based on whatever reviews that have been done, all issues have been duly identified and duly addressed and declared and shared with all stakeholders, including what we have done with you. We will follow as per law, whatever needs to be taken. We do not have to wait for the new CEO , because the process will sort of continue. And all these issues have been duly reported to the regulatory authorities. The financial impact of all the issues that we have declared, has already been undertaken in Financial Year 24-25. So those financial adjustments have been done. So, from a financial perspective and coming back to business as usual, that is being continuing, and people will start focusing on that. And as far as the other stuff is concerned in terms of, on accountability, that will continue to follow as per due process of law.