Leadership transition on track: IndusInd chair

The leadership transition at IndusInd Bank is well on track, with the bank's board awaiting the Reserve Bank of India's (RBI's) approval on the chief executive officer (CEO) recommendations it has submitted, Chairman Sunil Mehta said on Monday.

- SUBRATA PANDA

Speaking to analysts after the bank's first-quarter earnings, Mehta said the lender is actively identifying both internal and external candidates for senior management roles.

"The leadership transition at the bank is now well on track. We've made good progress on the CEO appointment. The recommendations were submitted within the prescribed timeline and are currently under regulatory review," he said. He added that there has been no change in the CEO recommendations submitted to the RBI.

"In addition, the bank is actively scouting for top-quality talent, both internally and externally, for broader senior management roles," he said.