Sumant Kathpalia resigns as IndusInd Bank CEO with immediate effect

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Sumant Kathpalia resigns as IndusInd Bank CEO with immediate effect - Business Standard

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He has worked with major multinational banks such as Citibank, Bank of America, and ABN AMRO before joining IndusInd Bank. Kathpalia has been part of the core leadership team at IndusInd Bank for 12 years. Kathpalia is a qualified Chartered Accountant, he holds a B.Com (Hons.) degree from Hindu College, Delhi University.

IndusInd Bank CEO Sumant Kathpalia has tendered his resignation, the bank said on Tuesday. This comes after the Arun Khurana, deputy chief executive officer of IndusInd Bank had filed resignation from the bank yesterday. The bank has been grapling with unaccounted losses in the derivatives segment that has led to loss of over Rs 2,000 crore. Sumant Kathpalia is a banker with over 30 years of experience in the banking sector.