 "IndusInd Bank re-appoints Sumant Kathpalia as MD & CEO for 3 years")
IndusInd Bank has approved the re-appointment of Sumant Kathpalia as managing director and chief executive officer for three years with effect from March 24, 2023, the private lender informed exchanges.
The re-appointment is subject to approval from the lender’s shareholders and the Reserve Bank of India.
Kathpalia was appointed as MD & CEO of IndusInd Bank in March 2020.
“He is responsible for the Bank's overall business strategy & execution, financial management, managing investor relations, mergers & acquisitions, evaluation of inorganic growth opportunities, digitization, compliance and governance,” the bank said.
Prior to joining IndusInd Bank, Kathpalia had stints with Citibank, Bank of America and ABN Amro.
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