Arun Khurana Resigns as IndusInd Bank Deputy CEO Amid ₹1,959 Crore Accounting Lapses

Arun Khurana, Deputy CEO of IndusInd Bank, has stepped down following revelations of accounting discrepancies in the bank’s derivative portfolio. The lapses, amounting to ₹1,959 crore, stemmed from incorrect accounting practices under his oversight. In his resignation letter, Khurana acknowledged the adverse impact on the bank’s financials and pledged to assist in transitioning his responsibilities. The bank has discontinued internal derivative trading and is taking steps to strengthen accountability and internal controls. This development underscores the challenges of maintaining transparency in complex financial operations.

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