IndusInd returns to profit, says CEO on track to pick

In March, the lender disclosed a ₹2,000-crore hit due to mis-accounting in foreign exchange derivatives

- Gopika Gopakumar

IndusInd Bank, still reeling from its ₹2,000-crore derivatives hit and a string of top-level exits, is making headway in appointing a new chief executive officer, even as it returns to profit and sharpens focus on cost control, said chairman Sunil Mehta.

The bank has not revised its CEO recommendations submitted to regulators and is actively scouting top-tier talent, both internally and externally, for senior management roles, Mehta said in an analysts' call on Monday.