Sunil Jain joins Indian Bank as CFO; stock zooms 2%

1 Apr 2022 , 11:57 AM

Indian Bank Limited informed that Shri Sunil Jain has been designated/appointed as the new Chief Financial Officer of the Bank effective from March 31, 2022.

Sunil will take charge of the office of Shri Arun Kumar Bansal who cease to be the Chief Financial Officer of the Bank.

Sunil is a Chartered Accountant, a Certified Associate of the Indian Institute of Bankers (CAIIB). He holds a post-graduate degree in commerce (M.com) and has a diploma in Comp. AP.

He brings over 15 years of rich and noticeable banking experience to the bank.

Post this development, Indian Bank’s stock is trading at Rs157.15 up by Rs3.35 or 2.18% from its previous closing of Rs153.80 on the BSE. The scrip opened at Rs154.90 and has touched day’s high and low of Rs157.70 and Rs153.55 respectively.