New Delhi, March 26 -- The board of IndusInd Bank is expected to appoint a search firm to look for a new chief executive officer even as it awaits an audit report on accounting lapses.

Some of India's top executive search firms told Mint that they are scouting for the mandate and have even received calls from senior banking sector officials to be in the race for the top job. A person aware of the development said that IndusInd Bank's board of directors recently met and decided to appoint a search firm this week to kickstart the process of hiring its new CEO.

The Reserve Bank of India (RBI) has asked the bank's board of directors to send a list of external candidates to choose the bank's next chief executive, according to reports. Bank b...