{"id":33006,"date":"2025-04-30T22:14:51","date_gmt":"2025-04-30T16:44:51","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=33006"},"modified":"2025-05-15T20:23:11","modified_gmt":"2025-05-15T14:53:11","slug":"indusind-bank-ceo","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/","title":{"rendered":"IndusInd Bank CEO Sumant Kathpalia Resigns Amid \u20b92,000 Crore Derivatives Accounting Lapse \u2013 Banking Sector News"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/#Introduction_A_Major_Setback_for_IndusInd_Bank\" >Introduction: A Major Setback for IndusInd Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/#Market_Reaction_and_Financial_Implications\" >Market Reaction and Financial Implications<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/#Regulatory_Oversight_and_Management_Changes\" >Regulatory Oversight and Management Changes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/#Implications_for_the_Banking_Sector\" >Implications for the Banking Sector<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/#Why_This_News_is_Important\" >Why This News is Important<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/#Relevance_to_Government_Exam_Aspirants\" >Relevance to Government Exam Aspirants<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/#Insights_into_Corporate_Governance\" >Insights into Corporate Governance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/#Implications_for_Financial_Regulations\" >Implications for Financial Regulations<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/#Historical_Context\" >Historical Context<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/#Background_of_IndusInd_Bank\" >Background of IndusInd Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/#Previous_Leadership_and_Governance\" >Previous Leadership and Governance<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/#Key_Takeaways_from_%E2%80%98IndusInd_Bank_CEO_Sumant_Kathpalia_Resigns_Amid_%E2%82%B92000_Crore_Derivatives_Accounting_Lapse\" >Key Takeaways from &#8216;IndusInd Bank CEO Sumant Kathpalia Resigns Amid \u20b92,000 Crore Derivatives Accounting Lapse&#8217;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/#FAQs_Frequently_Asked_Questions\" >FAQs: Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/#1_Why_did_Sumant_Kathpalia_resign_as_the_CEO_of_IndusInd_Bank\" >1. Why did Sumant Kathpalia resign as the CEO of IndusInd Bank?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/#2_What_was_the_nature_of_the_accounting_lapse_at_IndusInd_Bank\" >2. What was the nature of the accounting lapse at IndusInd Bank?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/#3_How_much_financial_impact_did_the_accounting_error_have_on_IndusInd_Bank\" >3. How much financial impact did the accounting error have on IndusInd Bank?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/#4_What_role_did_the_Reserve_Bank_of_India_RBI_play_in_this_issue\" >4. What role did the Reserve Bank of India (RBI) play in this issue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/#5_How_is_IndusInd_Bank_addressing_the_situation_after_the_CEOs_resignation\" >5. How is IndusInd Bank addressing the situation after the CEO&#8217;s resignation?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/edunovations.com\/currentaffairs\/miscellaneous\/indusind-bank-ceo\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_A_Major_Setback_for_IndusInd_Bank\"><\/span><strong>Introduction: A Major Setback for IndusInd Bank<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>On April 29, 2025, Sumant Kathpalia, the CEO and Managing Director of IndusInd Bank, resigned following a significant accounting discrepancy in the bank&#8217;s derivatives portfolio. The lapse, which surfaced in March 2025, is estimated to have impacted the bank&#8217;s financial standing by approximately \u20b92,000 crore. Kathpalia&#8217;s resignation underscores the gravity of the situation and the bank&#8217;s commitment to accountability.\u200b<\/p>\n\n\n\n<p>The accounting error pertains to the overvaluation of currency derivatives, leading to a substantial misstatement of the bank&#8217;s financial position. An internal review, supported by external audits, revealed that the discrepancies dated back several years. The Reserve Bank of India (RBI) has been informed, and an external agency is conducting a detailed investigation to ascertain the root cause and identify responsible parties.\u200b<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Market_Reaction_and_Financial_Implications\"><\/span><strong>Market Reaction and Financial Implications<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Following the revelation, IndusInd Bank&#8217;s stock price witnessed a sharp decline, reflecting investor concerns over the incident. The estimated financial impact of \u20b92,000 crore represents a significant portion of the bank&#8217;s net worth, raising questions about its financial health and risk management practices.\u200b<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Regulatory_Oversight_and_Management_Changes\"><\/span><strong>Regulatory Oversight and Management Changes<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The RBI has urged the bank to ensure an orderly transition and has emphasized the need for enhanced internal controls and governance mechanisms. In response, IndusInd Bank has appointed an interim executive committee to oversee operations until a new CEO is appointed. The board is actively seeking a suitable candidate to lead the bank forward.\u200b<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Implications_for_the_Banking_Sector\"><\/span><strong>Implications for the Banking Sector<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This incident highlights the critical importance of robust internal controls and transparent financial reporting in the banking sector. It serves as a cautionary tale for other financial institutions to regularly audit their portfolios and ensure compliance with regulatory standards to maintain investor confidence and financial stability.\u200b<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\" id=\"Sumant-Kathpalia-resignation-IndusInd-Bank\"><img decoding=\"async\" width=\"300\" height=\"168\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2025\/04\/download-23-2.jpeg\" alt=\"Sumant Kathpalia resignation IndusInd Bank\" class=\"wp-image-33007\" style=\"width:840px;height:auto\" title=\"Sumant Kathpalia resignation IndusInd Bank\"\/><figcaption class=\"wp-element-caption\">Sumant Kathpalia resignation IndusInd Bank<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_This_News_is_Important\"><\/span><strong>Why This News is Important<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Relevance_to_Government_Exam_Aspirants\"><\/span><strong>Relevance to Government Exam Aspirants<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>For students preparing for government exams, understanding the dynamics of the banking sector is crucial. This incident provides insights into the operational challenges faced by financial institutions and the regulatory frameworks governing them. Topics such as financial management, corporate governance, and regulatory oversight are commonly examined in various competitive exams.\u200b<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Insights_into_Corporate_Governance\"><\/span><strong>Insights into Corporate Governance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The resignation of a top executive due to financial discrepancies underscores the importance of corporate governance and ethical leadership. It emphasizes the need for accountability and transparency in managing public and private sector organizations.\u200b<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Implications_for_Financial_Regulations\"><\/span><strong>Implications for Financial Regulations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The RBI&#8217;s intervention and the subsequent management changes highlight the role of regulatory bodies in maintaining the integrity of the financial system. Understanding the regulatory mechanisms in place is essential for aspirants aiming for roles in financial institutions and regulatory agencies.\u200b<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Historical_Context\"><\/span><strong>Historical Context<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Background_of_IndusInd_Bank\"><\/span><strong>Background of IndusInd Bank<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>IndusInd Bank, established in 1994, is one of India&#8217;s leading private sector banks. Over the years, it has expanded its operations across various segments, including retail banking, corporate banking, and treasury services. The bank has been known for its innovative products and services, catering to a diverse customer base.\u200b<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Previous_Leadership_and_Governance\"><\/span><strong>Previous Leadership and Governance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Prior to Sumant Kathpalia, Romesh Sobti served as the CEO for over a decade, leading the bank through significant growth phases. Kathpalia took over the reins in March 2020, bringing with him extensive experience from his tenure in consumer banking and loans divisions. His resignation marks a significant leadership change in the bank&#8217;s history.\u200b<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Takeaways_from_%E2%80%98IndusInd_Bank_CEO_Sumant_Kathpalia_Resigns_Amid_%E2%82%B92000_Crore_Derivatives_Accounting_Lapse\"><\/span><strong>Key Takeaways from &#8216;IndusInd Bank CEO Sumant Kathpalia Resigns Amid \u20b92,000 Crore Derivatives Accounting Lapse&#8217;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>S.No.<\/strong><\/th><th><strong>Key Takeaway<\/strong><\/th><\/tr><\/thead><tbody><tr><td>1<\/td><td>Sumant Kathpalia resigned as CEO of IndusInd Bank due to a significant accounting discrepancy.<\/td><\/tr><tr><td>2<\/td><td>The accounting error involved the overvaluation of currency derivatives, impacting the bank&#8217;s financial position.<\/td><\/tr><tr><td>3<\/td><td>The Reserve Bank of India has been informed, and an external agency is investigating the issue.<\/td><\/tr><tr><td>4<\/td><td>IndusInd Bank&#8217;s stock price declined sharply following the revelation of the accounting lapse.<\/td><\/tr><tr><td>5<\/td><td>The incident underscores the importance of robust internal controls and transparent financial reporting in the banking sector.<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Sumant Kathpalia resignation IndusInd Bank<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_Frequently_Asked_Questions\"><\/span><strong>FAQs: Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Why_did_Sumant_Kathpalia_resign_as_the_CEO_of_IndusInd_Bank\"><\/span><strong>1. Why did Sumant Kathpalia resign as the CEO of IndusInd Bank?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Sumant Kathpalia resigned following the discovery of a significant accounting lapse related to currency derivatives, which caused a misstatement of the bank&#8217;s financial position by approximately \u20b92,000 crore.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_What_was_the_nature_of_the_accounting_lapse_at_IndusInd_Bank\"><\/span><strong>2. What was the nature of the accounting lapse at IndusInd Bank?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The lapse involved the overvaluation of currency derivatives in the bank\u2019s portfolio, which led to discrepancies in its financial statements. These errors were discovered after an internal review in March 2025.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_How_much_financial_impact_did_the_accounting_error_have_on_IndusInd_Bank\"><\/span><strong>3. How much financial impact did the accounting error have on IndusInd Bank?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The accounting error is estimated to have impacted the bank\u2019s financials by around \u20b92,000 crore, which significantly affected the bank\u2019s net worth and caused a drop in its stock value.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_What_role_did_the_Reserve_Bank_of_India_RBI_play_in_this_issue\"><\/span><strong>4. What role did the Reserve Bank of India (RBI) play in this issue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The RBI has been informed of the issue, and it is overseeing the investigation into the cause of the accounting discrepancy. The bank is also expected to improve its internal controls in response to the lapse.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_How_is_IndusInd_Bank_addressing_the_situation_after_the_CEOs_resignation\"><\/span><strong>5. How is IndusInd Bank addressing the situation after the CEO&#8217;s resignation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Following the resignation, IndusInd Bank has appointed an interim executive committee to oversee operations until a new CEO is appointed. The bank is also actively investigating the cause of the accounting errors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/sports\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sports Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline 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target=\"_blank\" rel=\"noreferrer noopener\">Defence Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--4\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs?newsmaticargs=custom&amp;posts=today\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--5\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairsinhindi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Current Affairs In Hindi<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--6\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/news-and-notifications\/\" target=\"_blank\" rel=\"noreferrer 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Website Development Company<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Introduction: A Major Setback for IndusInd Bank On April 29, 2025, Sumant Kathpalia, the CEO and Managing Director of IndusInd Bank, resigned following a significant accounting discrepancy in the bank&#8217;s derivatives portfolio. The lapse, which surfaced in March 2025, is estimated to have impacted the bank&#8217;s financial standing by approximately \u20b92,000 crore. Kathpalia&#8217;s resignation underscores&#8230;<\/p>\n","protected":false},"author":6,"featured_media":33007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[153,14],"tags":[22366,6091,22365,225,22367,2051,22368,22364],"class_list":["post-33006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-miscellaneous","category-banking","tag-accounting-discrepancy","tag-banking-regulations","tag-banking-sector-issues","tag-current-affairs","tag-financial-lapses","tag-indusind-bank","tag-rbi-oversight","tag-sumant-kathpalia-resignation"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/33006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=33006"}],"version-history":[{"count":1,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/33006\/revisions"}],"predecessor-version":[{"id":33008,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/33006\/revisions\/33008"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/33007"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=33006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=33006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=33006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}