RBI Extends Term for IndusInd Bank's Interim Committee

The Reserve Bank of India (RBI) has officially extended the term of IndusInd Bank's interim executive committee until August 28, 2025, or until a new Managing Director & CEO is appointed. This decision comes in the wake of CEO Sumant Kathpalia's resignation following a derivatives misvaluation incident.

This move by the RBI underscores the importance of stable leadership during transitional periods in the banking sector. The interim committee's extension ensures continuity in governance and operations at IndusInd Bank, safeguarding the interests of its stakeholders.

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