IndusInd Bank share price jumps 3% as private lender looks for headhunter to appoint new CEO

IndusInd Bank share price rallied as much as 3.56 per cent on Tuesday, March 26 after the reports circulated that the private lender is looking to appoint a search firm to look for new CEO.

IndusInd Bank stock climbed up to 3% in early trade and was trading 2.15% higher at 650.75 on the BSE around 9:51 AM.

Some of India’s leading executive search firms told Mint that they are actively seeking the mandate and have even been approached by senior banking officials to compete for the top position. A source familiar with the matter revealed that IndusInd Bank’s board of directors recently convened and decided to appoint a search firm this week to initiate the CEO hiring process.

According to reports, the Reserve Bank of India (RBI) has…

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