IndusInd Bank Appoints New Internal Audit Head Months After Massive Accounting Discrepancy Row
IndusInd Bank has appointed Pragati Gondhalekar as its new head of internal audit amid efforts to rebuild governance and controls following a major accounting scandal. The bank had faced a ₹2,000-crore derivatives-related loss and further issues in its microfinance portfolio, leading to record losses and the resignation of senior leaders earlier this year. Alongside Gondhalekar’s appointment, the bank is also filling other key leadership positions after recently naming Rajiv Anand as its new CEO and MD.
IndusInd Bank has appointed Pragati Gondhalekar as its new head of internal audit amid efforts to rebuild governance and controls following a major accounting scandal. The bank had faced a ₹2,000-crore derivatives-related loss and further issues in its microfinance portfolio, leading to record losses and the resignation of senior leaders earlier this year. Alongside Gondhalekar’s appointment, the bank is also filling other key leadership positions after recently naming Rajiv Anand as its new CEO and MD.
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