Market IndusInd Bank recovers 53% from day's low as benchmark indices surge Updated : March 24, 2020 12:20 PM IST Shares of IndusInd Bank tumbled 30 percent on Tuesday after Romesh Sobti retired as MD and CEO of the private sector lender. Sobti took over the position of MD and CEO on February 1, 2008. Sumant Kathpalia would take charge from tomorrow as 'Additional Director', designated as Managing Director and CEO of the Bank. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.