Ex-IndusInd Bank Dy CEO faces EOW probe over Rs 1,960 crore accounting lapse: Report

The Economic Offences Wing (EOW) has initiated a preliminary enquiry into alleged accounting irregularities at IndusInd Bank, reported ET NOW citing sources.

Arun Khurana, the bank’s former Deputy CEO and treasury head, is under investigation in connection with a Rs 1,960 crore loss linked to mis-accounting of derivative trades. Khurana had resigned from his post on April 28, 2025.

According to ET NOW sources, certain executives traded the bank’s shares before the lapses became public. The former Deputy CFO may also be summoned as part of the probe.

(With inputs from ET NOW)