IndusInd Bank’s deputy CEO Arun Khurana quits over accounting lapses
New Delhi, April 29, 2025.IndusInd Bank's deputy CEO Arun Khurana has resigned with immediate effect, taking responsibility for a nearly Rs 2,000-crore impact due to derivative trade accounting lapses. The bank disclosed Khurana's resignation, who was executive director and deputy CEO, in a filing on Monday.Last month, RBI approved a one-year extension for the bank's MD and CEO, Sumant Kathpalia, as opposed to the three years approved by the board.Khurana's resignation comes a day after the bank informed the stock exchanges that it would hold staff accountable for the hit of close to Rs 2,000 crore that the bank will take. An independent investigation, commissioned in March 2025, confirmed an adverse accounting impact of Rs 1,960 crore as of March 31. The report was submitted on Sa...
