IndusInd Bank share price jumps 3%

IndusInd Bank share price rallied as much as 3.56 per cent on Tuesday, March 26 after the reports circulated that the private lender is looking to appoint a search firm to look for new CEO. IndusInd Bank stock climbed up to 3% in early trade and was trading 2.15% higher at ₹650.75 on the BSE around 9:51 AM. Some of India’s leading executive search firms told that they are actively seeking the mandate and have even been approached by senior banking officials to compete for the top position. A source familiar with the matter revealed that IndusInd Bank’s board of directors recently convened and decided to appoint a search firm this week to initiate the CEO hiring process.