IndusInd Bank’s board has shortlisted Rajiv Anand, Rahul Shukla, and Anup Saha for the CEO role, aiming to meet the RBI’s June 30 deadline. The bank has been operating without a full-time CEO since Sumant Kathpalia’s resignation. Rajiv Anand is considered the frontrunner, bringing extensive experience from Axis Bank.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.