IndusInd Bank CFO Gobind Jain Resigns; Arun Khurana to Take Over as New CFO

ndusInd Bank has announced the resignation of its Chief Financial Officer (CFO), Gobind Jain, after 3.25 years of service. The resignation, effective Monday, January 20, was disclosed in a filing with the Bombay Stock Exchange (BSE) on January 18, 2025.

Gobind Jain’s Resignation

Gobind Jain cited his intention to pursue other professional opportunities as the reason for his resignation. In an email attached to the exchange filing, Jain stated: “As informed to you a few days ago, I wish to resign from the services of the Bank. I am keen to pursue opportunities outside the Bank or within the promoter Group after having put in close to 3.25 years.”

According to the BSE filing, Jain will officially cease to be CFO and key managerial personnel from January 20, 2025. However, he will remain with the bank until the end of his mandatory 90-day notice period, assisting with the transition of responsibilities until April 17, 2025.

In the same email, Jain mentioned personal commitments, including travelling to the USA to support his daughter’s examination and admission process.

Appointment of Arun Khurana as New CFO

Following Jain’s resignation, IndusInd Bank announced that Arun Khurana, currently the Whole-Time Director (Executive Director) and Deputy CEO of the bank, will assume additional responsibilities as CFO. His appointment will take effect on Tuesday, January 21, 2025.

Khurana has a distinguished career in banking, with more than 30 years of experience. He has been with IndusInd Bank for over 13 years, serving as Country Head for the Global Markets Group and nearly five years as Deputy CEO. He is a qualified Chartered Accountant and began his career with HSBC (Hong Kong and Shanghai Banking Corporation), holding various leadership roles globally.

Share Reaction 

On January 20, 2025, IndusInd Bank share price traded down by 2% at 9:55 AM (IST) ₹952. IndusInd Bank’s share price reached a 52-week high of ₹1,625.45 on January 19, 2024, and a 52-week low of ₹927.05 on December 20, 2024. As per BSE, the total traded volume for the stock stood at 0.52 lakh shares with a turnover of ₹4.99 crore.

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