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IndusInd Bank's stock drops as RBI grants CEO a shorter extension, amid poor performance and scrutiny.
IndusInd Bank's stock has plummeted as the RBI granted CEO Sumant Kathpalia a one-year extension instead of the requested three years, causing investor concerns.
This, along with weak quarterly results, high non-performing assets, and regulatory scrutiny, has led to a decline in stock prices and speculation about potential leadership changes.
The bank faces challenges in improving asset quality and profitability.
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Las acciones de IndusInd Bank disminuyen a medida que RBI otorga a CEO una extensión más corta, en medio de un bajo rendimiento y escrutinio.