IndusInd Bank: RBI Approves One-Year Extension for CEO

🏦 The RBI has granted Sumant Kathpalia a one-year extension as CEO of

, until March 23, 2026—shorter than the three-year term proposed by the board. This comes as the bank reported ₹2,200 crore in slippages for Q3 FY24, including ₹695 crore from its microfinance portfolio.