RBI OKs 1-year extension for IndusInd CEO, not 3 years as sought

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Times of India 1d ago

RBI OKs 1-year extension for IndusInd CEO, not 3 years as sought - Times of India

Quick Summary:

The Reserve Bank of India approved a one-year reappointment of Sumant Kathpalia as MD and CEO of IndusInd Bank, effective March 2025, reducing the tenure initially proposed by the board.

Kathpalia, with 37 years of experience, has led initiatives in balance sheet strengthening, digital transformation, and governance improvements.

Before joining IndusInd Bank 17 years ago, he worked at Citibank, Bank of America, and ABN AMRO.