RBI approves reappointment of Sumant Kathpalia as MD, CEO of IndusInd Bank

RBI approves reappointment of Sumant Kathpalia as MD, CEO of IndusInd Bank

Daily Current Affairs   /   RBI approves reappointment of Sumant Kathpalia as MD, CEO of IndusInd Bank

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Category : Appointment/Resignation Published on: March 14 2023

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  • Private lender IndusInd Bank said that the Reserve bank of India had approved the re-appointment of Sumant Kathpalia as management director and chief executive officer of the bank for a further period of 2 years with effect from March 24, 2023.
  • At IndusInd Bank, he has been part of the management team for 15 years ago.
  • Kathpalia’s re-election is effective March 24, 2023. His current term will end on March 23, 2023.
  • Established in 1994 by Srichand P Hinduja, the name ‘IndusInd’ Bank was inspired by the Indus Valley Civilisation.
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