Current Affairs - Persons - Discussion

IndusInd Bank appointed Santosh Kumar as its Deputy Chief Financial Officer (CFO) starting on April 18, 2025. This appointment follows the end of Arun Khurana's term as the acting CFO. The move is part of the bank’s efforts to strengthen its leadership amid financial challenges, including issues with bad loans in the microfinance sector and discrepancies in accounting for currency derivatives. As Deputy CFO, Santosh Kumar will oversee the finance and accounts functions while the bank continues to search for a permanent CFO. The role is critical as the bank works to stabilize its finances and address regulatory scrutiny.