The top two executives at India's IndusInd Bank resigned this week after an external investigation found they were responsible for improper derivative accounting, three sources familiar with the findings said.

IndusInd Bank shares are under scrutiny following the resignation of CEO Sumanth Kathpalia amid derivative accounting discrepancies, prompting the formation of a new committee.

Following CEO Sumant Kathpalia's resignation amid derivatives portfolio discrepancies, the RBI has approved IndusInd Bank's interim "committee of executives," including Soumitra Sen and Anil Rao, to manage daily operations.