New Delhi, April 30 -- IndusInd Bank share price fell over 3% after the private lender's MD & CEO Sumant Kathpalia resigned from his post. IndusInd Bank shares fell as much as 3.21% to Rs.810.40 apiece on the BSE.

Private lender IndusInd Bank on Tuesday announced that Sumant Kathpalia has stepped down as the managing director and chief executive officer (CEO) of the bank with immediate effect amid ongoing investigations into discrepancies in the accounting of its derivatives portfolio.

Meanwhile, IndusInd Bank also announced that it has received approval from the Reserve Bank of India (RBI) to constitute a "Committee of Executives", to discharge the duties, roles and responsibilities of the CEO of the bank, for an interim period until a...