RBI Approves Reappointment Of Sumant Kathpalia As MD & CEO Of IndusInd Bank

The Reserve Bank of India (RBI) has approved the reappointment of Sumant Kathpalia as Managing Director and Chief Executive Officer (MD & CEO) of IndusInd Bank for another year, effective March 24, 2025. The approval follows the bank’s proposal submitted on September 27, 2024, and is subject to shareholder approval.

Kathpalia is a career banker with extensive experience in multinational banks, including Citibank, Bank of America, and ABN AMRO, before joining IndusInd Bank. He has over 30 years of experience and has held leadership roles focused on driving business growth and innovation. As the former Head of the Consumer Bank at IndusInd, he played a key role in establishing new businesses and expanding the consumer distribution franchise. His focus on decision sciences and digitisation has redefined the client experience. Kathpalia is a qualified Chartered Accountant and holds a B.Com (Hons.) degree from Hindu College, Delhi University.

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