STOCK IN NEWS - INDUSINDBANK

On Tuesday, March 26, IndusInd Bank's stock price surged up to 3.56% on rumors that the private lender was considering hiring a search firm to find a new CEO. Early trading saw IndusInd Bank's stock rise to 3%, and by 9:51 AM, it was up 2.15% at ₹650.75 on the BSE. According to several of India's biggest executive search firms, senior banking officials have even contacted them to vie for the top spot, and they are actively pursuing the mandate, Mint said. The board of directors of IndusInd Bank recently met and agreed to hire a search agency this week to start the CEO hiring process, according to a source with knowledge of the situation.