IndusInd Bank deputy CEO Arun Khurana quits amid Rs 1,960 crore derivative loss scrutiny

IndusInd Bank's Deputy CEO, Arun Khurana, resigned amidst a Rs 1,959.98 crore loss from misaccounted derivative trades. This follows the bank's announcement of corrective actions against responsible employees and a senior management overhaul. The losses, stemming from incorrect accounting of internal derivative trades, have raised concerns about internal controls and risk management, impacting investor confidence.