30/4/2025, 10:44:03 am

RBI approves committee to oversee IndusInd Bank after resignation of CEO

RBI has approved a Committee of Executives, led by Soumitra Sen and Anil Rao, to oversee IndusInd Bank's operations during its leadership transition. This follows the resignations of CEO Sumant Kathpalia and Deputy CEO Arun Khurana amid accounting discrepancies in the bank's derivatives portfolio. The committee will function under the bank's Board oversight until a permanent CEO is appointed.