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'Account discrepancy to hit net worth'
Financial Express Kolkata
|March 11, 2025
EARLIER IN THE DAY, shares of IndusInd Bank plunged nearly 6% intraday to their lowest level since July 2022 after the RBI granted CEO Sumant Kathpalia only a one-year extension, against the board application for three years.
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Investors were jittery about the bank's near-term earnings outlook. The stock closed at ₹900 apiece, down about 4% on the BSE on Monday.
Speaking to an analyst on Monday evening, Kathpalia said the RBI was aware of this issue, which may have influenced its decision to grant an extension for only one year.
The board will evaluate both external and internal candidates for the CEO position, he added.
This story is from the March 11, 2025 edition of Financial Express Kolkata.
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