MUMBAI:
As previously advised to the Exchanges, the Bank’s Nomination & Remuneration Committee and the Board had considered and submitted the name of a potential candidate for the role of MD & CEO, to the Reserve Bank of India (RBI), seeking an approval for the appointment.
We are pleased to advise that the Bank has received a communication from the RBI today, approving the appointment of Sumant Kathpalia, who currently heads the Bank’s Consumer Banking business, as the MD & CEO for 3 years , with effect from March 24, 2020, post the retirement of Romesh Sobti, the current MD & CEO.
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