business indusind bank constitutes committee of executives to run bank following ceo s resignation

Indusind Bank Constitutes Committee Of Executives To Run Bank Following Ceo's Resignation

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Following CEO Sumant Kathpalia's resignation over a Rs 1,960 crore derivatives portfolio accounting lapse, IndusInd Bank's board has formed a 'committee of executives' to oversee operations. Approved by the RBI, this committee will function under the board's oversight until a new CEO is appointed or for three months.