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News Topical, Digital Desk : The process of appointing Chief Executive Officer (CEO) in IndusInd Bank may take a long time. According to information received by Moneycontrol from sources, the Reserve Bank of India (RBI) has informally suggested to the bank's board to expand the search for the CEO. According to the report, an official said on the condition of anonymity, "It is not clear yet whether the regulator (RBI) has rejected the names sent earlier by the board or RBI wants more names to be considered before any final decision. At present, the matter has been sent to the board for reconsideration." Let us tell you that the bank's board had sent a list of some names to RBI in mid-June.
Confusion over CEO appointment in IndusInd Bank
The situation regarding the appointment of CEO in IndusInd Bank is getting more complicated. According to sources, some of the candidates suggested by the board may have shown hesitation in accepting this post, as this role is associated with a lot of complexities. Another source said, "In any case, the matter is back to the starting point again for the time being." Sources also say that now the board may be asked to consider some names from Public Sector Banks (PSBs) and also Indian origin bankers working abroad. It is not yet clear on what timeline the board of IndusInd Bank is working, as the bank has to appoint the CEO by September 30, the board is likely to send more names by the end of July. Earlier, it was reported that the bank had sent three names Rajiv Anand, Rahul Shukla and Anup Saha for appointment to the post of CEO. Share performance The company's share closed at Rs 874 with a gain of 1.03 percent on Friday. In the last one year, the company's stock has seen a decline of 40.01 percent.
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