Arun Khurana, deputy chief govt officer of IndusInd Financial institution, has resigned with fast impact on Monday, the financial institution advised exchanges.
In his resignation letter, Khurana cited the latest accounting discrepancies within the financial institution’s derivatives enterprise as the primary purpose behind this choice.
“Contemplating the latest unlucky developments, whereby the financial institution decided an hostile accounting impression on P&L, on account of incorrect accounting in inner spinoff trades, I having oversight of the treasury entrance workplace operate, as the entire time director, deputy CEO and part of senior administration of the financial institution, hereby resign, with fast impact,” he stated.
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