IndusInd Bank refutes ex-CFO Gobind Jain's allegations against chairman

IndusInd Bank has rejected allegations made by its former CFO, Gobind Jain, against Chairman Sunil Mehta, calling the claims meritless and part of an attempt to deflect accountability

Private sector lender IndusInd Bank on Thursday denied allegations made by its former chief financial officer against the bank’s chairman, stating that the claims were completely devoid of merit and merely an attempt to deflect due process of law and accountability.

 

In Q4FY25, the bank reported a loss of ₹2,329 crore after ramping up provisions and reversing incorrectly booked revenues and income entries linked to accounting discrepancies in the derivatives and microfinance segments.

 

According to media reports, former CFO Gobind Jain wrote a letter to the Prime Minister seeking removal of bank’s chairman Sunil Mehta from his position,