Meet the CA who leads Rs 1,12,000 crore company as MD, CEO

Sumant Kathpalia is the Managing Director (MD) and Chief Executive Officer (CEO) of IndusInd Bank. He is a career banker with over 30 years of rich experience in large multinational banks. He has been leading the bank as MD and CEO since March 2020.

He has also worked in Citibank, Bank of America and ABN AMRO, prior to joining IndusInd Bank. Kathpalia has successfully led several leadership roles in his career spanning over 30 years with a focus on driving business growth and innovation. He now leads IndusInd Bank which has a market capitalisation of Rs 1,12,000 crore as of September 27. The share price of the bank was Rs 1,439 on Wednesday.

In his current role, Kathpalia led the core executive team of the bank which has successfully affected the bank's business turn-around. He is responsible for the bank's overall business strategy and execution, and financial management among other things. 

Kathpalia is a qualified Chartered Accountant (CA). He holds a bachelor's degree in B Com (Hons.) from Hindu College, Delhi University. At IndusInd Bank, he has been part of the management team that joined the Bank 12 years ago. He has been a key member of the top-level executive committee looking at Bank-wide financial management, managing investor relations and evaluating inorganic growth opportunities.

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He started his career at Citibank, where he held various positions across functions including Business Growth and Strategy, Sales and Distribution among other things. Prior to joining IndusInd Bank, he worked with ABN AMRO where he held several critical leadership positions including Head - Consumer Bank for ABN AMRO, India. Prior to ABN AMRO, Kathpalia spent a decade at Bank of America.

In his prior role as Head - Consumer Bank at IndusInd Bank, Kathpalia has been instrumental in setting up several new businesses from scratch to cater to the needs of Individual and SME segments while successfully balancing growth with quality and compliance to regulatory and internal guidelines.