IndusInd Bank board speeds up CEO search as RBI's deadline nears

IndusInd Bank's board is rushing to submit CEO candidates to the Reserve Bank of India before the June 30 deadline following top executives' resignations over accounting lapses
Manojit Saha Mumbai
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The board of Indusind Bank is racing to meet the deadline to submit probable CEO names to the regulator ahead of the June 30 deadline.
The top post in the first largest private sector lender fell vacant MD & CEO Sumant Kathpalia resigned taking responsibility following the accounting lapses which resulted in the lender posting Rs 2329 crore loss in the Jan-March quarter. Deputy CEO Arun Khurana – who was also on the board of the bank – also stepped down taking responsibility.
With Reserve Bank of India's approval, the board then appointed a committee of executives, comprising Soumitra Sen

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