Mumbai, April 30 -- IndusInd Bank on Wednesday in a regulatory filing said that the Reserve Bank of India (RBI) has approved the formation of an interim Committee of Executives to oversee its operations.
The approval came in a situation where the bank is without a Managing Director and Chief Executive Officer (MD&CEO).
Notably, Sumant Kathpalia had resigned from the position of MD and CEO with effect from the close of working hours on April 29.
The committee, comprising Soumitra Sen (Head - Consumer Banking) and Anil Rao (Chief Administrative Officer), will manage the bank's day-to-day affairs under the supervision of an Oversight Committee of the Board, the bank said.
The Oversight Committee will be chaired by the Chairman of the Boar...