RBI extends tenure of oversight panel of IndusInd Bank by one month till Aug 28

NEW DELHI, July 26:The RBI has extended the tenure of the oversight committee of IndusInd Bank by one month till August 28 as the lender looks to find new MD and CEO following resignation of incumbent Sumant Kathpalia. The panel was formed after Kathpalia resigned on April 29 taking moral responsibility of accounting lapses in the derivatives portfolio, having financial implication of Rs 1,960 crore to the bank. The tenure of the committee was till July 28, 2025. We [] The post RBI extends tenu

26 Jul 2025 4:21 pm