Gobind Jain, the Chief Financial Officer (CFO) of IndusInd Bank, has resigned from his position to explore other professional opportunities. This announcement was made by the bank through an exchange filing on Saturday. According to the filing, Jain will complete a 90-day notice period, during which he will assist the bank with the transition process until April 17.
In his resignation letter, Jain expressed his desire to pursue opportunities outside the bank or within the promoter group after dedicating nearly 3.25 years to the institution. Arun Khurana, currently the Whole-time Director and Deputy Chief Executive Officer (CEO) of the bank, will take over as the CFO starting January 21.
Khurana has been with the lender since November 2011 and has held various leadership positions, including being the overall head of the global markets group. He has also been the Deputy CEO since April 2020. His additional responsibility as CFO will see him driving the bank’s financial strategy and operations.
Jain’s resignation comes after a nearly three-year tenure as the CFO of IndusInd Bank, where he was responsible for overseeing the bank’s financial performance, strategy, and risk management. His departure is likely to have an impact on the bank’s financial operations, but with Khurana’s experience and expertise, the transition is expected to be smooth.
The news of Jain’s resignation and Khurana’s new role as CFO is a significant development in the banking industry, and one that will be closely watched by market analysts and stakeholders. As the bank looks to the future, it will be interesting to see how Jain’s departure and Khurana’s ascension will shape the bank’s overall performance and direction.