IndusInd Bank Limited announced the re-appointment of Sumant Kathpalia as Managing Director and Chief Executive Officer of the bank, with effect from March 24, 2023. According to the company’s exchange filing, “This is with reference to our letter dated March 10, 2023 with respect to re-appointment of Mr. Sumant Kathpalia (DIN: 01054434) as Managing Director…
IndusInd Bank announced the appointment of Sunil Mehta as an Additional Director in the capacity of Non-Executive Independent Director and Part-time Chairman of the Bank, with effect from January 31, 2023. According to the company’s exchange filing, “This is to further inform you that based on approval from Reserve Bank of India and recommendations made…
IndusInd Bank Limited announced the appointment of Rajiv Agarwal as Non-Executive Independent Director on the company’s Board, with effect from March 15, 2023. According to the company’s exchange filing, “This is to inform that the Board of Directors (the Board) of the Bank, at its meeting held today has considered and approved, the re-appointment of…
IndusInd Bank Limited announced the appointment of Pradeep Udhas as Additional Director on the company’s Board, with effective from June 9, 2022. According to the bank’s exchange filing, “This is to inform that the Board of Directors (the Board) of the Bank, at its meeting held today has considered and approved, the appointment of Mr.…
IndusInd Bank announced that it has been awarded the global ‘Celent Model Bank’ award under the category – ‘Payments System Transformation’ for building a best-in-class Enterprise Payments Hub (EPH). The award acknowledges the Bank’s outstanding journey in creating a cloud-based central payments hub that is capable of seamlessly processing high transaction loads originating across all…
IndusInd Bank Limited announced the appointment of Girish Koliyote as Company Secretary and Compliance Officer, effective November 27, 2021. According to the company’s exchange filing, “We have to inform that as a part of orderly succession to the position of the Company Secretary and Compliance Officer, the Board of Directors of the Bank have, in…
IndusInd Bank announced the appointment of Gobind Jain as its Chief Financial Officer, effective September 29, 2021. According to the Bank’s exchange filing, “We have to inform that as a part of orderly succession to the position of the Chief Financial Officer, the Board of Directors of the Bank have, in the meeting held on…
Indifi Technologies, an online lending platform, has raised Rs 35 crores from IndusInd Bank in debt financing. “These funds were deployed through a Rs 35 crore of term loan from IndusInd bank’s impact investing group to Riviera Investors Private Limited which is Indifi’s in-house Non-Banking Financial Company (NBFC) arm,” according to PTI. Indifi said, “The…
Kinara Capital, a socially responsible fintech, announced securing USD $10 million from IndusInd Bank with a 100% guaranty from the U.S. International Development Finance Corporation (DFC). This is a part of a debt and equity round of INR 100 crores, with equity contribution coming from Kinara’s existing investors – Gaja Capital, GAWA Capital, Michael &…
WayCool Foods, a Chennai-based agri-tech startup that processes, distributes, and procures fresh produce, dairy products, and staples, announced that it has raised $5.5 million debt funding from IndusInd Bank. Recently, the company raised $32 million in Series C funding led by Lightbox. The Agri-tech startup plans to use the funds to introduce advanced technology, implement…
The pandemic and the concern related to the extent of damage it can cause had brought in a good degree of participation form major corporations, philanthropists, and business leaders to support the fight against the pandemic. IndusInd Bank has announced its contribution towards relief efforts that are taking place in the country so that the…
Sumant Kathpalia, presently Head of Consumer Banking at IndusInd Bank will take over as the managing director and chief executive for the bank. The Reserve Bank of India has approved his appointment for a period of three years effective March 24, 2020. In their statement, the bank said – “As previously advised to the Exchanges,…