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Ex-IndusInd Bank CFO writes to PM, seeks Chairman's ouster for covering up ₹1,960-cr loss: Report

short by Ashley Paul / on Thursday, 4 September, 2025
IndusInd Bank ex-CFO Gobind Jain wrote to PM Narendra Modi, demanding Chairman Sunil Mehta's ouster for allegedly covering up discrepancies, which caused ₹1,960-crore loss and which the bank earlier disclosed, ET reported. Jain claimed he'd fought a "lone battle" to highlight serious issues ongoing at the bank for over a decade. He claimed Mehta created "atmosphere of fear" within IndusInd.
read more at Moneycontrol