Thursday, 10 October 2019

Asia Pacific Growth Is Expected To Slow To 5.8% In 2019

IndusInd Bank may name Sumant Kathpalia as Managing Director and CEO, media reports suggest. Its current CEO Romesh Sobti, who retires in March 2020, may be offered a non-executive position at the bank, according to reports by CNBC-TV18 and The Economic Times.

Asia Pacific growth is expected to slow to 5.8% in 2019, down from 6.3% in 2018, due to uncertainty around the ongoing U.S.-China trade tensions, a World Bank report said on Thursday.

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