IndusInd Bank Reappoints Sumant Kathpalia as MD & CEO
The board of IndusInd Bank has approved the reappointment of Sumant Kathpalia as Managing Director and Chief Executive Officer (MD & CEO) for another three-year term from March 24, 2025, to March 23, 2028, pending approval from the Reserve Bank of India (RBI) and shareholders.
Founded: 1994
Type: Private sector bank in India
Headquarters: Mumbai, Maharashtra
Founder: S. P. Hinduja
Current MD & CEO: Sumant Kathpalia (Reappointed for the term 2025–2028)
Services: Retail banking, corporate banking, finance, insurance, and asset management
Notable Focus: Strengthening balance sheet, improving capital adequacy, and expanding digital banking
Financial Performance (Q1 FY24):
Listed On: Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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