IndusInd Bank CEO race gets interesting as Tata Capital's Sabharwal enters

No other bank in the country has almost its entire top brass so closely associated with its helmsman throughout the larger part of their careers

The contest to succeed Romesh Sobti at IndusInd Bank has got a little more interesting with the lender considering Rajiv Sabharwal of Tata Capital as a probable candidate. 

It is now a two-way race between Sabharwal, Tata Capital’s managing director (MD) and chief executive officer (CEO), and Sumant Kathpalia, head of consumer banking at the Hindujas-promoted bank, according to sources in the know.

This is probably the first instance where the chief of a non-banking financial company (NBFC) is being considered for the corner office at a bank. When contacted, Tata Capital said: “The information is completely untrue.” Sobti’s term as MD