IndusInd Bank may see a new CEO by October, replacing Sumant Kathpalia

IndusInd Bank may see a new CEO, replacing Sumant Kathpalia, in six months and once the potential names are submitted to the Reserve Bank of India (RBI), the Central Bank will finalise Kathpalia’s successor.

The board will need to come up with replacement by October,



according to a report by NDTV Profit, adding that it is unclear if only external names will form part of the shortlist or if any internal candidates will be considered. In a normal course, a bank’s board must submit potential CEO names to the regulator at least six months before the incumbent’s tenure ends.