RBI gives nod for one-year extension to IndusInd Bank MD

The Reserve Bank of India (RBI) has approved the reappointment of Romesh Sobti as MD and CEO of IndusInd Bank Ltd for a period of one year from February 1, 2014 to January 31, 2015 as against IndusInd Bank board’s recommendation for a term of three years. In its communication to the stock exchanges, the bank said that RBI had approved the reappointment of Romesh Sobti as MD and CEO for one-year period from February 1, 2014 till January 31, 2015.

Read the Hindu Business Line news report here.