Mumbai, April 30 -- The Reserve Bank of India has allowed the board of IndusInd Bank to constitute a 'committee of executives' to run the bank following the resignation of managing director and chief executive officer Sumant Kathpalia, with immediate effect.

IndusInd Bank had sought RBI's permission followingKathpalia's resignation on 29 April. The regulator approved the proposal the same day, the bank said in a stock exchange notification on Wednesday.

The 'committee of executives' will comprise Soumitra Sen, head of consumer banking and marketing, and chief administrative officer Anil Rao. They will oversee IndusInd Bank's operations under the guidance of an oversight committee of the board.

The oversight committee will be headed by ...