The Supervision Committee of the Board, chaired by the president of the Board, includes the Chiefs of Key Committees of the Board, such as Audit, Compensation and Nomination, and Risk Management. | Photo credit: Anushree Fadnavis/Reuters
Indusind Bank said that he has constituted an executive committee that includes the head of the consumption bank Soumitra Sen and the administrative director Anil Rao to supervise the bank’s operations under the supervision and a supervision committee of the Board.
In a late presentation to exchanges, the bank said that the Bank of the Reserve of India, given its approach to the committee. On Tuesday, Bank’s managing director and CEO, Adsant Kathpalia, resigned, assuming the moral responsibility of the lapses in his derivative portfolio.
The Executive Committee would supervise the operation of the bank until a new MD and a CEO assume the position.
The Supervision Committee will be chaired by the president of the Board and will include the presidents of the Audit Committee, the Compensation and Nomination and Remuneration Committee and the Risk Management Committee, as members, the bank said.
“The bank is taking all the necessary measures to guarantee the stability and continuity of its operations while maintaining high standards of government,” he said.
Posted on April 30, 2025
