 "sumant kathpalia")
Private sector lender IndusInd Bank said on Thursday that it had appointed Sumant Kathpalia (pictured) the next managing director (MD) and chief executive officer (CEO) from March 24, for a three-year term.
Kathpalia will succeed current MD & CEO Romesh Sobti, who has been at the helm of affairs for over a decade now. Sobti’s term as MD & CEO will end on March 23.
The bank’s nomination and remuneration committee and the board had considered and submitted Kathpalia’s name as a potential candidate for the role of MD & CEO to the Reserve Bank of India (RBI), seeking an approval.
“The bank
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