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RBI extends IndusInd committee tenure

The Reserve Bank of India has extended the tenure of the oversight committee managing IndusInd Bank by another month, giving the lender more time to find a successor to outgoing Managing Director and CEO Sumant Kathpalia.The extension takes the panel’s term through to August 28, 2025, or until a new MD and CEO is appointed—whichever comes earlier. The committee was initially set up after Kathpalia resigned on April 29, taking “moral responsibility” for accounting lapses in the bank’s derivatives portfolio. The financial impact of those lapses was pegged at Rs 1,960 crore."We now wish to inform that the RBI vide its letter dated July 25, 2025, has granted its approval for extension of tenure of the Committee of Executives for a further period of one month, with effect from July 29

For crypto traders, evading tax is getting difficult