Private sector lender IndusInd Bank has announced the appointment of Sumanth Kathpalia as the Managing Director and Chief Executive Officer succeeding Romesh Sobti.
Kathpalia is the head of consumer loans at the bank and will take over in March once Sobti retires after being at the helm for over a decade.
"The bank has received a communication from the Reserve Bank of India, approving the appointment of Sumant Kathpalia who currently heads the bank's consumer banking business, as its Managing Director and CEO for three years with effect from March 24 post the retirement of Romesh Sobti, the current MD & CEO," the bank said in a statement.
Kathpalia is credited with building consumer loans portfolio as part of a strategy to expand the bank's loan book. He is a chartered accountant by qualification.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app