Madam / Dear Sir,
Subject: Completion of tenure of Mr. Romesh Sobti, Managing Director & CEO of the Bank.
Mr. Romesh Sobti, shall demit the Office of Managing Director & CEO of the Bank, today, March 23, 2020, in line with the tenure approved by RBI.
The Board of Directors have placed on record their deep appreciation for the wide ranging contributions made by Mr. Sobti since taking over the position of Managing Director & CEO on February 1, 2008.
This disclosure is being submitted in accordance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
A copy of this letter is being hosted on the Bank's website at www.indusind.com