Rebuilding confidence, asset quality: Kathpalia's tasks at IndusInd Bank

Tuesday's stock reaction is also an indicator of the challenges ahead of him and probably the toughest faced by the bank in the past decade

The transition from a cabin to corner office for Sumant Kathpalia, the newly appointed managing director & chief executive officer of IndusInd Bank, comes at a time when few things are working in favour of the lender, especially asset quality and its stock price, which hit the lower circuit thrice during Tuesday’s opening trade. Though there was some recovery, the stock closed with a loss of over 7 per cent. 

Kathpalia may have hoped to be welcomed better by the bourses on his first day as IndusInd Bank’s new boss. But, Tuesday’s stock reaction was also an indicator of the challenges