The Reserve Bank of India has given only one year service extension to Sumant Kathpalia, the current Managing Director and Chief Work Officer of IndusInd Bank. However, the bank board requested a three -year re -application. This is the second consecutive time when the Reserve Bank has approved a small tenure rather than approved a three -year term for Kathpalia.
The bank told the stock market, “The Reserve Bank, through its letter dated 6 March, 2025, approved Sumant Kathpalia as Managing Director and Chief Working Officer of the bank from 24 March 2025 to March 23, 2026 i.e. re -approved for an additional period of one year. Is. ‘
In September last year, the Bank Board requested its managing director and Chief Working Officer to re -apply for three years from March 24, 2025 to March 23, 2028.
First Published – March 7, 2025 | 10:05 pm IST
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(Tagstotranslate) indusind bank