New Delhi, April 30 -- IndusInd Bank has shortlisted Spencer Stuart to search for a new chief executive after Sumant Kathpalia stepped down Tuesday as its managing director and CEO. The bank, which a committee of executives will run for now, is expected to finalise its new chief in a couple of months, said senior executives aware of the development.

IndusInd Bank'sdeputy CEOArun Khurana also resigned this week after accounting discrepancies were recently discovered in the bank'sderivatives portfolio.

"Spencer Stuart was selected in March and the search for the new CEO should get over in the next couple of months. For good corporate governance, the bank may look at other search firms for its other senior positions or even take someone in...