HDFC Bank Gets RBI Approval to Acquire 9.5% Stake in IndusInd Bank. Learn about the approval, regulatory implications, and impact on India’s banking sector for government exams. HDFC Bank Gets RBI Nod to Acquire Up to 9.5% Stake in IndusInd Bank — What It Means for India’s Banking Sector Introduction: RBI’s Approval to HDFC Bank…
IndusInd Bank appoints Viral Damania as new CFO amid leadership changes. Learn about the banking governance update, key takeaways, and its significance for investors and exams. IndusInd Bank Appoints Viral Damania as CFO Amid Leadership Overhaul Introduction to the Appointment IndusInd Bank has appointed Viral Damania as its new Chief Financial Officer (CFO), effective September…
IndusInd Bank New CEO 2025: Rajiv Anand appointed as MD & CEO effective August 25 following RBI approval. Learn about his background, the ₹2,000 crore forex crisis, and key challenges ahead for the private lender. IndusInd Bank Appoints Rajiv Anand as New Managing Director & CEO IndusInd Bank has officially appointed Rajiv Anand as its…
Introduction: A Major Setback for IndusInd Bank On April 29, 2025, Sumant Kathpalia, the CEO and Managing Director of IndusInd Bank, resigned following a significant accounting discrepancy in the bank’s derivatives portfolio. The lapse, which surfaced in March 2025, is estimated to have impacted the bank’s financial standing by approximately ₹2,000 crore. Kathpalia’s resignation underscores…
IndusInd Bank’s Pilot Program with RBI’s Programmable CBDC: Revolutionizing Agricultural Finance IndusInd Bank has embarked on a groundbreaking initiative in collaboration with the Reserve Bank of India (RBI) by launching a pilot program utilizing the central bank’s Programmable Central Bank Digital Currency (CBDC). This innovative endeavor seeks to transform the landscape of agricultural finance, offering…
RBI Fines Manappuram Finance and IndusInd Bank for Non-Compliance: A Detailed Overview The Reserve Bank of India (RBI) has recently imposed fines on two prominent financial institutions, Manappuram Finance and IndusInd Bank, for non-compliance with various regulatory requirements. This development is significant as it reflects the RBI’s continued efforts to ensure adherence to banking and…
IndusInd Bank Reappoints Sumant Kathpalia as MD & CEO Introduction to the Reappointment IndusInd Bank has officially reappointed Sumant Kathpalia as its Managing Director and Chief Executive Officer (MD & CEO) for a period of three years, starting from October 1, 2024. This decision, ratified by the Reserve Bank of India (RBI), is a significant…
IndusInd Bank Partners with Inspire Institute of Sport: A New Era in Sports Development Introduction to the Partnership IndusInd Bank has announced a significant partnership with the Inspire Institute of Sport, aiming to elevate sports training and development in India. This collaboration marks a pivotal step in enhancing the infrastructure and support systems for athletes…
IndusInd Bank Introduces ‘Samman Rupay’ Credit Card for Government Employees IndusInd Bank has recently launched a specialized credit card named ‘Samman Rupay,’ designed exclusively for government employees. This initiative aims to cater to the specific needs and preferences of government officials, offering tailored benefits and features aligned with their professional requirements. The ‘Samman Rupay’ credit…
The Reserve Bank of India (RBI) has given approval for the reappointment of Sumant Kathpalia as the Managing Director and CEO of IndusInd Bank. This approval has come after Kathpalia’s three-year term ended on March 23, 2023. The reappointment of Kathpalia has been approved for three years starting from March 24, 2023, until March 23,…
