IndusInd Bank rose 1.67% to Rs 1,333.60 after the bank finalized a potential candidate for the position of MD & CEO.
IndusInd Bank announced after market hours yesterday, 31 October 2019 that pursuant to the recommendation of the nomination and remuneration committee (NRC), the board of directors of the bank, at its meeting held on 30 October 2019 has finalized a potential candidate for the position of MD & CEO.
As mandated under the extant RBI norms, the Bank has submitted an application to the RBI, seeking approval for the appointment of the new MD & CEO of the bank.
IndusInd Bank's net profit rose 50.32% to Rs 1,383.37 crore on a 31.40% increase in total income to Rs 8,877.02 crore in Q2 September 2019 over Q2 September 2018.
IndusInd Bank, which commenced operations in 1994, caters to the needs of both consumer and corporate customers. As on 30 September 2019, the bank has 1753 branches/ banking outlet and 2662 ATMs spread across 742 geographical locations of the country.
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