{"id":2870,"date":"2023-03-12T11:06:00","date_gmt":"2023-03-12T05:36:00","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=2870"},"modified":"2023-05-01T12:39:54","modified_gmt":"2023-05-01T07:09:54","slug":"rbi-approves-reappointment-of-sumant-kathpalia-as-md-ceo-of-indusind-bank","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/appointments\/rbi-approves-reappointment-of-sumant-kathpalia-as-md-ceo-of-indusind-bank\/","title":{"rendered":"RBI approves reappointment of Sumant Kathpalia as MD &amp; CEO of IndusInd Bank"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">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&#8217;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, 2026.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\" id=\"Sumant-Kathpalia\"><img decoding=\"async\" width=\"680\" height=\"381\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/05\/Sumant-Kathpalia.png\" alt=\"Sumant Kathpalia\" class=\"wp-image-2898\" title=\"Sumant Kathpalia\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/05\/Sumant-Kathpalia.png 680w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/05\/Sumant-Kathpalia-300x168.png 300w\" sizes=\"(max-width: 680px) 100vw, 680px\" \/><figcaption class=\"wp-element-caption\">Sumant Kathpalia<\/figcaption><\/figure>\n<\/div>\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/rbi-approves-reappointment-of-sumant-kathpalia-as-md-ceo-of-indusind-bank\/#Why_this_News_is_important\" >Why this News is important<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/rbi-approves-reappointment-of-sumant-kathpalia-as-md-ceo-of-indusind-bank\/#Continuity_of_Leadership\" >Continuity of Leadership<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/rbi-approves-reappointment-of-sumant-kathpalia-as-md-ceo-of-indusind-bank\/#Confidence_of_RBI\" >Confidence of RBI<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/rbi-approves-reappointment-of-sumant-kathpalia-as-md-ceo-of-indusind-bank\/#Boost_for_IndusInd_Banks_Shareholders\" >Boost for IndusInd Bank&#8217;s Shareholders<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/rbi-approves-reappointment-of-sumant-kathpalia-as-md-ceo-of-indusind-bank\/#Historical_Context\" >Historical Context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/rbi-approves-reappointment-of-sumant-kathpalia-as-md-ceo-of-indusind-bank\/#5_Key_Takeaways_from_%E2%80%9CRBI_approves_reappointment_of_Sumant_Kathpalia_as_MD_CEO_of_IndusInd_Bank%E2%80%9D\" >5 Key Takeaways from &#8220;RBI approves reappointment of Sumant Kathpalia as MD &amp; CEO of IndusInd Bank&#8221;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/rbi-approves-reappointment-of-sumant-kathpalia-as-md-ceo-of-indusind-bank\/#Important_FAQs_for_Students_from_this_News\" >Important FAQs for Students from this News<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/rbi-approves-reappointment-of-sumant-kathpalia-as-md-ceo-of-indusind-bank\/#Q_Who_is_Sumant_Kathpalia\" >Q. Who is Sumant Kathpalia?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/rbi-approves-reappointment-of-sumant-kathpalia-as-md-ceo-of-indusind-bank\/#Q_What_is_the_term_of_Sumant_Kathpalias_reappointment_as_MD_CEO_of_IndusInd_Bank\" >Q. What is the term of Sumant Kathpalia&#8217;s reappointment as MD &amp; CEO of IndusInd Bank?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/rbi-approves-reappointment-of-sumant-kathpalia-as-md-ceo-of-indusind-bank\/#Q_When_was_the_news_of_Sumant_Kathpalias_reappointment_as_MD_CEO_of_IndusInd_Bank_published\" >Q. When was the news of Sumant Kathpalia&#8217;s reappointment as MD &amp; CEO of IndusInd Bank published?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/rbi-approves-reappointment-of-sumant-kathpalia-as-md-ceo-of-indusind-bank\/#Q_What_is_the_significance_of_the_RBIs_approval_of_Sumant_Kathpalias_reappointment_as_MD_CEO_of_IndusInd_Bank\" >Q. What is the significance of the RBI&#8217;s approval of Sumant Kathpalia&#8217;s reappointment as MD &amp; CEO of IndusInd Bank?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/rbi-approves-reappointment-of-sumant-kathpalia-as-md-ceo-of-indusind-bank\/#Q_What_are_some_of_the_other_key_positions_held_by_Sumant_Kathpalia_prior_to_his_current_role_as_MD_CEO_of_IndusInd_Bank\" >Q. What are some of the other key positions held by Sumant Kathpalia prior to his current role as MD &amp; CEO of IndusInd Bank?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edunovations.com\/currentaffairs\/appointments\/rbi-approves-reappointment-of-sumant-kathpalia-as-md-ceo-of-indusind-bank\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_this_News_is_important\"><\/span>Why this News is important<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The reappointment of Sumant Kathpalia as the Managing Director and CEO of IndusInd Bank is significant for multiple reasons.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Continuity_of_Leadership\"><\/span>Continuity of Leadership<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Kathpalia has been leading IndusInd Bank since March 2020, and under his leadership, the bank has been able to improve its financial performance. The bank has reported a net profit of Rs 1,353 crore in the third quarter of FY23, compared to a loss of Rs 1,167 crore in the same period last year. Kathpalia&#8217;s reappointment ensures continuity of leadership, which is crucial for the bank&#8217;s future growth.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Confidence_of_RBI\"><\/span>Confidence of RBI<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The RBI&#8217;s approval of Kathpalia&#8217;s reappointment is a vote of confidence in his leadership and the bank&#8217;s management. It shows that the central bank is satisfied with the bank&#8217;s performance under Kathpalia&#8217;s leadership and believes that he is the right person to lead the bank for the next three years.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Boost_for_IndusInd_Banks_Shareholders\"><\/span>Boost for IndusInd Bank&#8217;s Shareholders<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The reappointment of Kathpalia is likely to boost the confidence of IndusInd Bank&#8217;s shareholders. The bank&#8217;s shares have been under pressure due to concerns over asset quality, but Kathpalia&#8217;s reappointment is likely to provide some reassurance to the shareholders.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Historical_Context\"><\/span>Historical Context<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">IndusInd Bank was founded in 1994 and is headquartered in Mumbai, India. The bank has a network of over 1,800 branches and ATMs spread across the country. In March 2020, Sumant Kathpalia took over as the Managing Director and CEO of the bank, succeeding Romesh Sobti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Under Kathpalia&#8217;s leadership, IndusInd Bank has been focusing on improving its financial performance and strengthening its balance sheet. The bank has been able to reduce its exposure to stressed sectors and improve its asset quality. Kathpalia&#8217;s reappointment as the Managing Director and CEO of IndusInd Bank for another three years is expected to provide the bank with the continuity of leadership it needs to continue on its growth trajectory.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Key_Takeaways_from_%E2%80%9CRBI_approves_reappointment_of_Sumant_Kathpalia_as_MD_CEO_of_IndusInd_Bank%E2%80%9D\"><\/span>5 Key Takeaways from &#8220;RBI approves reappointment of Sumant Kathpalia as MD &amp; CEO of IndusInd Bank&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Serial No.<\/th><th>Key Takeaway<\/th><\/tr><\/thead><tbody><tr><td>1.<\/td><td>Sumant Kathpalia has been reappointed as the Managing Director and CEO of IndusInd Bank for another three years starting from March 24, 2023.<\/td><\/tr><tr><td>2.<\/td><td>Kathpalia has been leading the bank since March 2020 and has been instrumental in improving the bank&#8217;s financial performance.<\/td><\/tr><tr><td>3.<\/td><td>The RBI&#8217;s approval of Kathpalia&#8217;s reappointment is a vote of confidence in his leadership and the bank&#8217;s management.<\/td><\/tr><tr><td>4.<\/td><td>Kathpalia&#8217;s reappointment is likely to provide some reassurance to IndusInd Bank&#8217;s shareholders.<\/td><\/tr><tr><td>5.<\/td><td>IndusInd Bank has a network of over 1,800 branches<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Sumant Kathpalia<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_FAQs_for_Students_from_this_News\"><\/span>Important FAQs for Students from this News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_Who_is_Sumant_Kathpalia\"><\/span>Q. Who is Sumant Kathpalia? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A. Sumant Kathpalia is the current Managing Director and Chief Executive Officer of IndusInd Bank.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_is_the_term_of_Sumant_Kathpalias_reappointment_as_MD_CEO_of_IndusInd_Bank\"><\/span>Q. What is the term of Sumant Kathpalia&#8217;s reappointment as MD &amp; CEO of IndusInd Bank? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A. The Reserve Bank of India (RBI) has approved the reappointment of Sumant Kathpalia as the MD &amp; CEO of IndusInd Bank for a term of three years.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_When_was_the_news_of_Sumant_Kathpalias_reappointment_as_MD_CEO_of_IndusInd_Bank_published\"><\/span>Q. When was the news of Sumant Kathpalia&#8217;s reappointment as MD &amp; CEO of IndusInd Bank published? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A. The news of Sumant Kathpalia&#8217;s reappointment as MD &amp; CEO of IndusInd Bank was published on 10th March 2023.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_is_the_significance_of_the_RBIs_approval_of_Sumant_Kathpalias_reappointment_as_MD_CEO_of_IndusInd_Bank\"><\/span>Q. What is the significance of the RBI&#8217;s approval of Sumant Kathpalia&#8217;s reappointment as MD &amp; CEO of IndusInd Bank?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A. The RBI&#8217;s approval of Sumant Kathpalia&#8217;s reappointment as MD &amp; CEO of IndusInd Bank indicates the central bank&#8217;s confidence in his leadership and management of the bank.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_are_some_of_the_other_key_positions_held_by_Sumant_Kathpalia_prior_to_his_current_role_as_MD_CEO_of_IndusInd_Bank\"><\/span>Q. What are some of the other key positions held by Sumant Kathpalia prior to his current role as MD &amp; CEO of IndusInd Bank? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A. Prior to his current role as MD &amp; CEO of IndusInd Bank, Sumant Kathpalia has held various leadership positions at Citibank, Bank of America, and ABN AMRO Bank.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/sports\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sports Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--3\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/international\/\" target=\"_blank\" rel=\"noreferrer noopener\">International Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/banking\/\" target=\"_blank\" rel=\"noreferrer noopener\">Banking Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/railway\/\" target=\"_blank\" rel=\"noreferrer noopener\">Railways Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/defence\/\" target=\"_blank\" rel=\"noreferrer noopener\">Defence Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--4\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs?newsmaticargs=custom&amp;posts=today\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--5\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairsinhindi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Current Affairs In Hindi<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--6\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/news-and-notifications\/\" target=\"_blank\" rel=\"noreferrer noopener\">News and Notifications<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.edunovations.quiz\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg\" alt=\"Download this App for Daily Current Affairs MCQ&#039;s\" class=\"wp-image-247\" title=\"\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-300x50.jpg 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-768x128.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">Download this App for Daily Current Affairs MCQ&#8217;s<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"News-Website-Development-Company\"><a href=\"https:\/\/www.martindiainfotech.com\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png\" alt=\"News Website Development Company\" class=\"wp-image-438\" title=\"News Website Development Company\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-300x50.png 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-768x128.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">News Website Development Company<\/figcaption><\/figure>\n\n\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6643489308705072\" crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block\" data-ad-format=\"autorelaxed\" data-ad-client=\"ca-pub-6643489308705072\" data-ad-slot=\"2759669284\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;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,&#8230;<\/p>\n","protected":false},"author":5,"featured_media":2899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[132,14],"tags":[336,1324,2051,339,2052],"class_list":["post-2870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-appointments","category-banking","tag-banking","tag-finance","tag-indusind-bank","tag-rbi","tag-sumant-kathpalia"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/2870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=2870"}],"version-history":[{"count":0,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/2870\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/2899"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=2870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=2870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=2870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}