DK Business Network
IndusInd Bank has brought in Cyril Amarchand Mangaldas following a governance shake-up and a ₹1,960 crore write-down.
The move follows the surprise resignation of CEO Sumant Kathpalia, intensifying scrutiny around the bank’s internal controls.
In an assertive step to restore trust, CAM has deployed a specialist team at IndusInd’s Mumbai headquarters. The legal experts are guiding the bank through regulatory minefields, reviewing past disclosures, and shaping communications to regulators and the stock exchanges.
The law firm’s role goes beyond routine advisory. It is helping the bank navigate potential fallout from audit findings, ensuring regulatory compliance, and reinforcing IndusInd’s governance framework during this critical juncture.
For IndusInd, the engagement signals more than damage control—it’s a message of accountability. Turning to India’s most reputed law firm demonstrates a serious intent to rebuild confidence and strengthen institutional integrity.
As financial institutions face heightened scrutiny, IndusInd’s partnership with CAM may set a precedent in crisis legal management—where law, reputation, and reform intersect under pressure.
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