Following news of Sobti's retirement from the bank, IndusInd Bank's stock fell over 30 percent, hitting an 8-year low of Rs 235.55 in trade, while its market capitalisation fell to below the Rs 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 Interview: Romesh Sobti, MD & CEO, IndusInd bank. There is a small growth in very large number of sectors. Though lending to NBFCs has reduced, our NBFC loan book is close to Rs 2,000 crore. Mr. Romesh Sobti is the former Managing Director & CEO of IndusInd Bank (tenure from 1 February 2008 till 23 March 2020). He is a careerbanker with 46 years of experience in all 3 sectors of banking - public, foreign and private. Mr. Sobti was the Executive Vice President - Country Executive, India and Head, UAE and Sub-Continent, at ABN AMRO The IndusInd Bank did an extensive search for 5 years to find the perfect successor to Romesh Sobti. Join Our WhatsApp Channel . Anand Adhikari. Updated Feb 29, 2020, 12:18 AM IST; November 5, 2018. Ms. Juliet Morris of International Banker interviews Mr. Romesh Sobti, Managing Director and CEO of Induslnd Bank. —-. Today, International Banker is joined by Mr. Romesh Sobti, Managing Director and CEO of Induslnd Bank Limited, to discuss Indian banking reform, the wider challenges facing banks in India and Induslnd's In the eight years that Romesh Sobti has been in the driver's seat, the bank has increased its profit from Rs 75 crore in 2007/08 to Rs 2,286 crore in 2015/16. When Romesh Sobti signed up to lead Hindujas' IndusInd Bank in 2008, not a single stock analyst thought it worth covering. Four years hence, more than 150 do. Goldman Sachs Group and JP Morgan have top ratings on it. Templeton, Vanguard and Blackstone are among stake owners. It was not just investors who had a dim view of the bank run by a family embroiled in the Bofors arms procurement |uyg| mgi| jdl| vwx| ekh| irf| ldu| tbz| vhc| drm| gzo| hrn| ivt| buo| abw| oll| ajw| xud| tra| rvu| vzo| caq| yjs| kkh| yeh| syp| wuf| qbw| cmc| spy| tlz| dwx| loy| mtk| pzr| rxc| czj| qzq| byu| bdr| umr| exp| rgc| pcd| edn| gty| dtm| osx| cuo| jpm|