-
The three new independent board directors are Kalpana Morparia, Romesh Sobti, and Saugata Gupta
-
Sobti, who took the role of operating partner at Advent Capital after retiring from IndusInd Bank, is likely to be appointed as a non-executive board member at AB Capital.
-
Sumant Kathpalia, who currently heads the Bank’s Consumer Banking business, will take charge after the retirement of Romesh Sobti, the current MD & CEO.
-
In November, the Hinduja-backed lender had announced that it had finalised the candidate for Sobti's replacement. The lender is awaiting the banking regulator's approval on the same, which is likely by end of this month.
-
Current MD & CEO Romesh Sobti's term ends on March 23, 2020.
-
Sobti, who turns 70 next year, said that the decision will be made "well in time" as the succession planning has been going on since the past few years.
-
Sobti, who turns 70 in March 2020, has been the bank’s CEO since FY08. Reserve Bank of India (RBI) norms stipulate 70 as retirement age for managing directors at banks
-
-
IndusInd Bank today said it has entered into an agreement with Infrastructure Leasing and Financial Services (IL&FS) to acquire 100 percent stake of the latter's securities services subsidiary.
-
Post the Budget there is no rush for foreign money to flood in to the market, instead even if the source of FII selling dries up and domestic investors remain emboldened, encouraged due to the Budget provisions, there is a reasonable chance that the market might have put in a bottom, he further added.
-
Speaking to CNBC-TV18 Romesh Sobti, MD & CEO of Indusind Bank said that CV sales in November weren‘t as bad as expected. December wasn‘t as bad as forecast.
-
The bank will soon take a decision on interest rates, said Romesh Sobti, Managing Director and Chief Executive at IndusInd Bank. The bank's interest rates for savings account ranges between 4-6 percent depending on the account balance.
-
Ramesh Sobti, MD & CEO of IndusInd Bank is confident of the net interest margin crossing 4 percent in the coming quarters from 3.97 percent posted in the first quarter and 3.94 percent in the same quarter last year.
-
EY Entrepreneur of the Year 2015 recognised and rewarded India's most exceptional entrepreneurs and business leaders who have brought about a change through their exemplary work, sheer grit and determination.
-
Net interest income, the difference between interest earned and interest expended, increased 31.3 percent to Rs 1,094.3 crore in September quarter compared to Rs 833.11 crore in same quarter last year. Net interest margin improved sequentially to 3.88 percent from 3.68 percent.
-
If the draft RBI guidelines are implemented in its current form, it may have a significant impact on profits of banks because return on assets (RoA) will fall by 20 basis points in fiscal year 2017, says Pawan Agrawal, chief analytical officer at Crisil Ratings
-
Due to this transition towards marginal cost of funding, Romesh Sobti, MD and CEO, IndusInd Bank says there will be a transitory compression of margins, but not a permanent one.
-
Romesh Sobti, MD and CEO, IndusInd Bank, says not just on the profit front, the bank's loan growth too rose 23 percent versus industry growth at 9.3 percent.
-
Romesh Sobti, MD and CEO of Indusind Bank expects Q4 to fare better than Q3 and Q1FY16 to surpass Q4 backed by rebalancing of books, softening of wholesale deposits cost and an uptick in vehicle finance business.
-
In an interview to CNBC-TV18, Romesh Sobti, MD and CEO of IndusInd Bank said there has been marginal improvement in CV disbursements.
-
25 bps repo rate hike is unlikely to translate to base rate hikes, says Romesh Sobti, MD & CEO, IndusInd Bank. Though it would mean elevated rates of lending, elevated rates of borrowing for atleast the next two quarters.
-
They had moved in favour of deposits versus certificate of deposits (CDs) in the past few months because the pricing of CDs went way above the pricing of deposits, says Rajat Monga, CFO of Yes Bank.
-
In an interview to CNBC-TV18, Romesh Sobti, managing director and chief executive officer, IndusInd Bank, says the bank will continue to post stable margins as there are very strong signals for rate reductions.
-
IndusInd Bank is trying to seize opportunities in advisory services. With a network of 500 branches, the private sector lender is strengthening its investment banking arm by broking merger and acquisition as well as private equity deals. The bank rules out any credit quality threat arising out of its CV loans.
-
Aided by higher interest as well as core fee income private sector lender IndusInd Bank's fourth quarter net profit grew by a forecast beating 38 percent year-on-year to Rs 307 crore.
