IndusInd Bank shares tumble 5% as RBI grants CEO one-year extension instead of usual three
- Posted on March 10, 2025
- By Business News Today
- 2 Views
IndusInd Bank shares tumble 5% as RBI grants CEO one-year extension instead of usual three
Shares of IndusInd Bank dropped by 5.4% following the RBI's decision to grant CEO Sumant Kathpalia only a one-year extension. This departure from the usual three-year tenure raises concerns over strategic instability and potential management transition, impacting investor sentiment negatively.
