"sumant-kathpalia"

"The Board has constituted such “Committee of Executives” to oversee the operations of the bank, under the oversight and guidance of the Oversight Committee of the Board till a new MD&CEO...assumes charge or a period of 3 months," IndusInd Bank said

Bank’s Deputy CEO Arun Khurana had tendered his resignation on Monday in the wake of accounting lapses costing Rs 1,960 crore to the private lender

The board will need to come up with replacement by October, adding that it is unclear if only external names will form part of the shortlist or if any internal candidates will be considered

The bank has also committed to reducing its specific carbon emission by 50 per cent over the next four years, it said in a release.