Kumar, who currently serves as Chief Accountant, will also be designated as a ‘Key Managerial Personnel’ of the bank. In this capacity, he is authorised to head the finance and accounts functions of IndusInd Bank until a full-time CFO is appointed. Kumar brings over 20 years of experience in finance and accounting, with a strong focus on planning, budgeting, taxation, reporting, and cost management. His previous roles include Head of Financial Accounting and Reporting at ICICI Bank and consulting assignments with PwC.
In a related move, Arun Khurana, who had been serving as both Whole-time Director (Executive Director) & Dy. CEO and interim Chief Financial Officer since January 21, 2025, has been relieved of his additional CFO responsibilities, effective at the close of business hours on April 17, 2025. The Board of Directors expressed their appreciation for Khurana’s contributions during his time as interim CFO.
These personnel changes reflect IndusInd Bank’s commitment to strengthening its finance and accounts functions and ensuring smooth leadership transitions. The announcements were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Shares of IndusInd Bank ended at a price of ₹792.70, up 0.6% on Thursday.
