Tag Archives: RBI approves Sumant Kathpalia extension

MUMBAI: Reserve Bank of India (RBI) has approved the reappointment of Sumant Kathpalia as MD and CEO of IndusInd Bank for one year, instead of the three-year term recommended by the bank’s board. This is the second time the regulator has shortened his tenure from what was initially proposed by the bank’s board.In a filing to stock exchanges on Friday, …