IndusInd Bank finalises potential candidate to replace MD & CEO Romesh Sobti
Romesh Sobti, who joined the bank in February 2008, will retire in March 2020, when he turns 70
- Oct 31, 2019,
- Updated Oct 31, 2019 9:47 PM IST
IndusInd Bank has finalised a potential candidate to replace Romesh Sobti as the Managing Director and Chief Executive Officer of the bank, a regulatory filing by the private lender said. The private lender, however, did not disclose the name of potential successor for the top job in its statement on Thursday.
The bank said that it will present the names to the Reserve Bank of India (RBI) for the approval of the central bank and will reveal the name of the selected candidate after that.
"As mandated under the extant RBI norms, the bank has submitted an application to the central bank, seeking approval for the appointment of the new MD & CEO of the bank," IndusInd Bank said in a filing to the Bombay Stock Exchange.
IndusInd Bank has finalised a potential candidate to replace Romesh Sobti as the Managing Director and Chief Executive Officer of the bank, a regulatory filing by the private lender said. The private lender, however, did not disclose the name of potential successor for the top job in its statement on Thursday.
The bank said that it will present the names to the Reserve Bank of India (RBI) for the approval of the central bank and will reveal the name of the selected candidate after that.
"As mandated under the extant RBI norms, the bank has submitted an application to the central bank, seeking approval for the appointment of the new MD & CEO of the bank," IndusInd Bank said in a filing to the Bombay Stock Exchange.