New Delhi, July 26 || IndusInd Bank has received approval from the Reserve Bank of India (RBI) to extend the tenure of its interim executive committee by a month.
The committee will now function till August 28 or until a new Managing Director and Chief Executive Officer (MD and CEO) is appointed, whichever is earlier, according to an exchange filing.
"We now wish to inform that the RBI vide its letter dated July 25, 2025, has granted its approval for extension of tenure of the said Committee of Executives for a further period of one month, with effect from July 29, 2025 upto August 28, 2025 or until the new MD and CEO is appointed and assumes charge, whichever is earlier," the exchange filing said.
The interim committee, comprising Chief Administrative Officer Anil Rao and Head of Consumer Banking Soumitra Sen, will continue to oversee the bank's operations.
As the bank moves forward with selecting a new MD and CEO, the extension guarantees leadership continuity.
Following the previous MD and CEO's departure and RBI's prior approval on April 29, the bank's board first established the committee. The agreement, which took effect on April 29, was initially in place for three months and was scheduled to expire on July 28.