Jubin Modi has resigned by Jubin Modi, Chief Human Resources Officer of IndusInd Bank of Private Sector. The bank has told the stock markets about this. The exchange filing stated that Modi resigned on 25 July. He wants to find new opportunities outside IndusInd Bank. Zubin was with the bank for the last 20 years. He has said in the resignation that leaving IndusInd Bank was a difficult decision for him.
In his resignation letter, Zubin Modi thanked the bank’s boards, kaligs and all the stakeholders for their trust and support and wished for success in future. His service for IndusInd Bank will end from 24 October 2025.
Indusind Bank shares lost 3 percent
Indusind Bank’s stock fell nearly 3 percent to close at Rs 823.70 on July 25. The bank’s market cap is more than Rs 64100 crore. After Jubin Modi’s resignation, there is a fear of decline in the share price on Monday, July 28. The stock has broken 40 percent in a year. At the same time, there is 13 percent below the price of 6 months ago. The bank had a 15.82 percent stake in the bank till the end of June 2025.
IndusInd Bank shares fell 27 percent on 11 March 2025. The decline came after the disclosure of disturbances in the bank’s derivative portfolio. The 52 -week high of the stock of the stock was shown on the Rs 1,498.70 on 19 September 2024. The 52 -week low of 605.40 rupees was seen on 12 March 2025. The upper price band for the stock is Rs 906.05 and the lower price band is Rs 741.35. The face value of the stock is Rs 10.
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