CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Who has been appointed as the CEO & MD of IndusInd Bank?
A
Ramesh Patel
B
Sumant Kathpalia
C
Romesh Sobti
D
Devesh Singh
Explanation: 

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. He joined IndusInd Bank 14 years ago and has been instrumental in turning it around.

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: -Strategy (Existing Business), IndusInd Bank.

There is 1 question to complete.