Starting with a March 10 disclosure about a potential hit to the networth because of incorrect recognition of derivative trades over the last two years, the last two months have been tumultuous for the Hindujas-promoted lender, and have also witnessed the immediate resignation of chief executive Sumant Kathpalia and his deputy Arun Khurana amid allegations of insider trading as well. IndusInd Bank CEO Sumant Kathpalia Resigns With Immediate Effect.