Speaking on the leadership reshuffle, he added, "The MD and CEO has resigned, that should be good enough." The top-level exits included CEO Sumant Kathpalia and Deputy CEO Arun Khurana, both of whom stepped down in April 2025 amid increasing regulatory and investor pressure. Accounting Errors Trigger Major Financial Impact IndusInd Bank's credibility took a hit earlier this year after it disclosed a $230 million blow to its financials due to incorrectly booked internal derivative trades over several years. Additionally, an internal audit of its microfinance business found that around $80 million had been wrongly recorded as interest income across three quarters—a mistake the bank reversed in January.