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Current Affairs

Sumant Kathpalia Appointed as IndusInd Bank CEO

Current context: The Reserve Bank of India (RBI) has approved the appointment of Sumant Kathpalia as the chief executive of IndusInd Bank for three years on 27th February 2020.
Sumant Kathpalia Appointed as IndusInd Bank CEO 
  • Private sector lender IndusInd Bank’s Nomination & Remuneration Committee and the Board had submitted the name of Sumant Kathpalia for the role of MD & CEO to the RBI.
  • Sumant Kathpalia currently heads the bank’s consumer banking business and has been appointed chief executive from 24 March, 2020.
  • The 55-year old Kathpalia has succeeded Romesh Sobti, is a chartered accountant by qualification, and has been with the bank since 2008.
  • He is a Commerce graduate from Hindu College, Delhi University.
  • Before joining the IndusInd Bank, he has also worked with ABN AMRO, Citibank and Bank of America.

Question: 

Q.1 Who has been recently appointed as the Chief Executive Officer (CEO) of IndusInd Bank, post the retirement of current CEO Romesh Sobti?
a. Aditya Puri
b. Rana Kapoor
c. Shikha Sharma
d. Sumant Kathpalia
Sumant Kathpalia Appointed as IndusInd Bank CEO Sumant Kathpalia Appointed as IndusInd Bank CEO Reviewed by Neha Verma on February 28, 2020 Rating: 5

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