Su­mant Kath­palia to be In­dusInd Bank’s CEO

Banking Frontiers - - People Track -

In­dusInd Bank has named Su­mant Kath­palia as the new MD and CEO of the bank. He will take over from Romesh Sobti upon the lat­ter’s su­per­an­nu­a­tion. Kath­palia, 55, is at present the head of con­sumer loans at the bank. The bank said the pro­posal has been for­warded to the Re­serve Bank of In­dia for ap­proval. Sobti, who has been at the helm of the bank for over a decade, will be re­tir­ing in March 2020. Kath­palia has been with the bank since 2008 and he is re­spon­si­ble for build­ing the con­sumer loans port­fo­lio from scratch, as part of a strat­egy to di­ver­sify the loan book adopted by the bank. Prior to his stint in In­dusInd Bank, he was head­ing the con­sumer loans ver­ti­cal at ABN Amro Bank. He has also worked in Citi and Bank of Amer­ica.

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