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Detailed explanation-1: -Kathpalia is a career banker with years of experience in large multi-national banks such as Citibank, Bank of America and ABN AMRO.

Detailed explanation-2: -IndusInd Bank has approved the re-appointment of Sumant Kathpalia as managing director and chief executive officer for three years with effect from March 24, 2023, the private lender informed exchanges. The re-appointment is subject to approval from the lender’s shareholders and the Reserve Bank of India.

Detailed explanation-3: -The Board of Directors of IndusInd Bank at its meeting held on September 15, 2022, approved the re-appointment of Sumant Kathpalia as the Managing Director & CEO of the Bank, for a further period of three years, with effect from March 24, 2023, up to March 23, 2026.

Detailed explanation-4: -Mr. Sumant Kathpalia - CEO IndusInd Bank | iBlogs.

Detailed explanation-5: -Deputy CEO/Head:Global Markets, Indusind Bank Ltd.