IndusInd Bank begins hunt for Sobti successor; to see 3 internal candidates

The search for a successor to Romesh Sobti at IndusInd Bank will see three internal candidates vying for the top job apart from outsiders. 

The three IndusInd hands who are said to be in the fray to gain control of the corner-room are Paul Abraham, the current the chief operating officer, Sumant Kathpalia, the lender’s head of consumer banking, and Suhail Chander, head of corporate and commercial banking. The bank’s board will also look outside the internal pool for filling the position. 

If all goes according to plan, a successor will be announced “sometime in the middle of next year”,