Archive · 22 Sep 2025
IndusInd Bank CFO Questioned in Accounting Probe
The Economic Offences Wing (EOW) in Mumbai is looking into an issue at IndusInd Bank.
They have questioned the current CFO, Gobind Jain, and summoned former executives.
The investigation is about an alleged ₹1,979 crore accounting error that the bank reported.
Jain claims he reported the issue earlier.
The EOW is also trying to understand why the problem took so long to come to light.
The investigation is based on a complaint from the current management.
EOW summoned IndusInd Bank CFO Gobind Jain for questioning.
Jain stated he was a whistle-blower and had reported the issue.
The investigation concerns a ₹1,979 crore accounting error.
Former executives Arun Khurana and Sumant Kathpalia also summoned.
The investigation is based on a complaint from current bank management.
- Who
- Gobind Jain, Sumant Kathpalia, Arun Khurana, IndusInd Bank, EOW
- What
- EOW is investigating IndusInd Bank accounting issues and questioned Gobind Jain.
- When
- Monday (Jain), Tuesday (Khurana), Wednesday (Kathpalia), Thursday (Jain)
- Where
- Mumbai
- Why
- To investigate an accounting error.
IndusInd Bank / EOW
Gobind Jain
Role in Reporting the Issue
IndusInd Bank / EOW
The EOW investigation based on the complaint.
Gobind Jain
Jain claims he reported the issue earlier.
- Current CFO
- Gobind Jain
- Previous CFO
- Arun Khurana
- Former CEO
- Sumant Kathpalia
- Accounting Error
- ₹ 1,979 crore
- EOW Probe
- Ongoing
- New CFO
- Viral Damania
Sources
Mumbai EOW records statement of ex IndusInd Bank CFO in accounting lapse probe: Sources
IndusInd Bank appoints Viral Damania as CFO; Santosh Kumar to continue as deputy CFO
IndusInd Bank Announces New CFO Appointment
IndusInd Bank names Viral Damania as Chief Financial Officer with immediate effect
IndusInd Bank names Viral Damania as CFO
