
Leadership Links #15
IndusInd Bank of India has appointed Viral Damania as CFO effective September 22, 2025. This follows a $230 million loss tied to accounting irregularities of internal derivative trades. The accounting lapse also prompted earlier resignations by former CEO Sumant Kathpalia and deputy Arun Khurana. Damania, with 27 years of banking experience including senior finance roles at Bank of America India and Citibank North America, is expected to help stabilize financial reporting, reinforce internal controls, and rebuild credibility.





