Concerns have arisen over the RBI's decision to extend IndusInd Bank CEO Sumant Kathpalia's tenure by just one year. This move raises governance and asset quality worries, potentially negatively impacting the bank's stock.

Shares of India's IndusInd Bank fell nearly 6% on Monday to their lowest level since July 2022, after the country's central bank approved a shorter extension to its CEO's tenure, raising potential leadership transition risks and business uncertainty.

IndusInd Bank shares today are trading at Rs.906.25, down Rs.30.50 (3.26%) as of the latest session. Over the past five days, the stock has decreased by 7.78%, and over the past six months, it has seen a significant drop of 36.

Shares of IndusInd Bank dropped by 5.4% following the RBI's decision to grant CEO Sumant Kathpalia only a one-year extension. This departure from the usual three-year tenure raises concerns over strategic instability and potential management transition,

On the bourses, IndusInd Bank shares have tanked about 8 per cent in the last five trading sessions, 15 per cent in the past month and 37 per cent in the past six months

IndusInd Bank shares drop 6% as RBI approves shorter CEO tenure, raising leadership transition risks and business uncertainty.

Brokerages have cut their target price for IndusInd Bank shares after RBI approved one-year extension for its CEO Sumant Kathpalia against three years as sought.