IndusInd Bank chief executive officer Sumanth Kathpalia says the regulator may have given him a shorter than expected extension. The bank stock was hammered on March 11 and was 25 percent down in the afternoon trade, a day after it reported discrepancies in accounting related to forex derivatives. \”I don’t know what the rationale is for them to give me one year (tenure), I think they are uncomfortable with the way my leadership skills with the bank have been, and I respect that,\” he said during an investors call March 10. The board had approved a three-year extension for Kath palia. The regulator’s move reflects ongoing issues, including the bank’s exposure to the microfinance sector and its cautious stance regarding Kathpalian’s ability to steer the bank through these challenges, he said. This one-year extended follows a two-year approval by the RBI in 2023, indicating that the regulator is still concerned about the bank’s performance.