Shares of IndusInd Bank are expected to be in focus when markets open tomorrow after the lender announced the immediate resignation of its Deputy CEO and Executive Director, Arun Khurana.
In a regulatory filing, IndusInd Bank disclosed that Arun Khurana has stepped down citing accounting irregularities related to internal derivative trades, which led to an adverse impact on the bank’s profit and loss (P&L) statement. Khurana, who also oversaw the Treasury Front Office function, submitted his resignation on April 28, 2025, and it was accepted by the Board the same day.
In his resignation letter, Khurana took responsibility for the developments and said he would assist in transitioning his responsibilities to ensure a smooth handover. The bank clarified that the resignation was voluntary and that there were no additional disclosures required under SEBI’s Listing Regulations regarding relationships or conflicts.
