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of <h1>Leadership Shakeup Follows Major Rs 1,960 Crore Derivative Portfolio Accounting Discrepancies in Banking Sector</h1> A senior banking executive resigned from a major financial institution following significant accounting irregularities totaling approximately Rs 1,960 crore in derivative portfolio discrepancies. The bank's leadership experienced multiple high-level departures, including the CEO, Deputy CEO, and Chief Financial Officer. The organization has requested regulatory approval to establish an interim executive committee while seeking a permanent leadership replacement.
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