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IndusInd Bank CEO's Shorter Tenure Extension Raises Concern On Management Transition, Continuity
An extension of only one year appears to signal RBI’s continued discomfort or lack of full confidence, Citi said in a note.
10 Mar 2025, 08:53 AM IST 
Macquarie called Sumant Kathpalia's one-year extension as IndusInd Bank CEO 'disappointment'. (Photo source: NDTV Profit)
A shorter tenure extension of IndusInd Bank Ltd. Chief Executive Officer Sumant Kathpalia will increase governance and other concerns for the lender and act as an overhang on the stock, according to analysts.The Reserve Bank of India on Friday approved the re-appointment of Kathpalia as managing director and CEO of the bank for one year, with effect from March 24, 2025 till March 23, 2026. IndusInd Bank had sought approval for his po...
