IndusInd CEO, Deputy Earn Rs 157 Crore from Share Sales Over Two Years: BSE Data

IndusInd Bank’s CEO Sumant Kathpalia and Deputy CEO Arun Khurana collectively earned ₹157 crore through share sales in 2023 and 2024. Both executives utilized the Employee Stock Option Scheme (ESOPs) to sell and buy shares of the bank. Kathpalia sold nearly 9.5 lakh shares worth ₹134 crore while purchasing shares worth ₹34 crore, resulting in a net profit of ₹100 crore. Similarly, Khurana sold 5.5 lakh shares for ₹82 crore and bought shares worth ₹25 crore, making a net profit of ₹57 crore.

This development comes amidst financial challenges for the bank, including discrepancies in its derivatives portfolio, which could lead to a ₹2,000 crore loss in its balance sheet. The Reserve Bank of India (RBI) has also limited Kathpalia’s tenure extension to one year instead of the requested three years. These issues have significantly impacted the bank’s stock value, causing a 27% drop earlier this week.

The bank has assured stakeholders of measures to address these challenges, including potential capital infusion. However, the situation has raised concerns about insider trading and the bank’s financial stability.