IndusInd Bank to Appoint New MD & CEO by August 28 as RBI Extends Executive Committee Tenure

In a recent update, IndusInd Bank announced it will finalise the appointment of its new MD and CEO by August 28, 2025. This comes after the Reserve Bank of India (RBI) approved a one-month extension of the bank’s interim oversight structure, allowing the executive committee to continue operations until the new leadership steps in.

RBI Grants Extension to Executive Committee 

IndusInd Bank confirmed on July 25, 2025, that RBI has approved the extension of the committee of executives’ tenure from July 29 to August 28, or until the new MD and CEO assume charge, whichever is earlier. This committee, comprising Soumitra Sen and Anil Rao, had been managing day-to-day operations since April 29, 2025, following the resignation of previous MD and CEO Sumanth Kathpalia.

Leadership Change Triggered by Accounting Irregularities

The leadership overhaul began as Sumanth Kathpalia took moral responsibility for derivative accounting discrepancies and stepped down on April 29. The resignation was closely followed by that of Deputy CEO Arun Khurana. These developments prompted RBI to approve the formation of an interim executive panel to handle bank affairs during the transition.

Interim Oversight to Continue 

The extended committee will continue operating under the supervision of the board’s oversight committee. The original three-month term would have concluded on July 28, 2025, but has now been stretched by another month to ensure continuity until the successor takes over.

Read More: IndusInd Bank Plans ₹30,000 Crore Fundraise via Debt, Equity Instruments!

IndusInd Bank Share Price Performance

On July 28, 2025, IndusInd Bank share price opened at ₹825.00 on NSE, above the previous close of ₹823.70. During the day, it surged to ₹825.00 and dipped to ₹815.35. The stock is trading at ₹823.05 as of 9:22 AM. The stock registered a marginal down by 0.08%.

Over the past week, it has declined by 2.39%, over the past month, it has declined by 5.62%, and over the past 3 months, it has declined by 0.90%.

Conclusion

IndusInd Bank is moving strategically to stabilise leadership after internal disruptions. With the RBI’s timely extension of the executive committee’s tenure, the bank aims for a seamless leadership transition by August 28, supporting operational stability.

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