IndusInd Bank appoints ‘committee of executives’ to run bank following CEO’s resignation

IndusInd Bank on Wednesday said its board has appointed a ‘committee of executives’ to oversee the operations of the bank following resignation of CEO Sumant Kathpalia.

Kathpalia resigned from services of the bank with effect from April 29, 2025, taking moral responsibility of accounting lapses in the derivatives portfolio having



financial implication of Rs 1,960 crore.

“The Board has constituted such “Committee of Executives” to oversee the operations of the bank, under the oversight and guidance of the Oversight Committee of the Board till a new MD&CEO…assumes charge or a period of 3 months,” IndusInd Bank said in a regulatory filing.