IndusInd Bank’s CFO Gobind Jain has resigned from the bank, citing personal reasons, the bank said in an exchange notice. Arun Khurana, ED and Deputy CEO, shall take additional charge as CFO of the bank with effect from Tuesday, January 21. 

IndusInd Bank reported a sharp 40 per cent year-on-year (y-o-y) and 39 per cent quarter-on-quarter (q-o-q) fall in its Q2FY25 consolidated net profit at ₹ 1,331 crore, largely due to higher provisions due to NPAs from unsecured loans. Analysts say the bank could report muted earnings in Q3 as well, considering continued stress in the MFI segment. 

The bank is among the largest MFI lenders in the country, with ₹32,723 crore of outstanding micro-loans as of September 30.    

Published on January 18, 2025