IndusInd Bank has launched its Capital Gains Account Scheme (CGAS) on March 26, 2026, providing customers with a compliant facility to park long-term capital gains until reinvestment while availing tax exemptions under the Income-tax Act, 1961. The initiative follows authorization from the Central Board of Direct Taxes (CBDT) permitting the bank to accept deposits under the Capital Gains Account Scheme, 1988.

Scheme Features and Eligible Assets

The Capital Gains Account Scheme accepts deposits of unutilized proceeds from the sale of various eligible capital assets. These include residential properties, flats, farmhouses, agricultural land, urban land, and land in Special Economic Zones (SEZs). The scheme provides customers with a secure platform to hold their capital gains while making informed reinvestment decisions within prescribed statutory timelines.

Account Options and Structure

IndusInd Bank offers two distinct account types under the CGAS to cater to different customer needs:

Eligibility and Availability

The scheme is available at authorized non-rural IndusInd Bank branches for a comprehensive range of eligible customers. The bank has designed the program to serve diverse customer segments including:

• Resident individuals
• Hindu Undivided Families (HUFs)
• Non-individual entities
• Non-Resident Indians (NRIs)

Bank's Market Position

As of December 31, 2025, IndusInd Bank serves around 42 million customers through 3,120 branches/banking outlets and 3,063 ATMs, reaching 1.62 lac villages across India. The bank has been operating for 31 years and maintains clearing bank status for major stock exchanges BSE and NSE, settlement bank status for NCDEX, and is an empanelled banker for MCX.

Digital Banking Integration

The bank leverages technology through its 'Digital 2.0' strategy, ensuring multi-channel delivery and robust digital infrastructure. This includes 'INDIE' - the one-stop-shop for all digital banking services, with innovation and customer centricity remaining at the core of its offerings.

IndusInd Bank has announced key changes in its senior management team, with the resignation of Siddharth Banerjee and the appointment of Vasudeva Konda as Head of Global Markets Group, both effective March 23, 2026. The changes were disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Senior Management Transition Details

The bank has provided comprehensive details regarding the management changes as required under regulatory guidelines:

Departing Executive Profile

Siddharth Banerjee tendered his resignation from his position as Head of Global Markets Group & Investment Banking Group due to personal reasons. In his resignation communication, Banerjee reflected on his 15-year journey with the organization, describing it as "deeply fulfilling and enriching." He expressed gratitude for the guidance and trust provided by the organization and its senior leadership throughout his tenure. Banerjee highlighted his team's contributions to the bank's progress and committed to ensuring a smooth transition of responsibilities.

New Appointee Background

Vasudeva Konda has been appointed as the new Head of Global Markets Group and designated as Senior Management Personnel. Konda brings substantial experience from the banking sector, holding a PGDM from IIM Kolkata and a B Tech in Mechanical Engineering from IIT Madras.

Prior to joining IndusInd Bank, Konda was associated with ICICI Bank for over 26 years in various capacities:

• Treasury Operations (22 years): Played a key role in managing ICICI Bank's multicurrency balance sheet, liquidity and trading operations
• Risk Management (4 years): Transitioned to leadership role within the Risk Management Group, heading Enterprise Risk, ICAAP and Basel Risk analytics
• Operational Oversight: Managed Fixed Income, FX and money market activities across domestic and international operations

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Schedule III, Part A, Para A(7) & A (7C) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank has provided all required documentation, including the resignation letter and detailed disclosure information as mandated by regulatory requirements. The information has also been hosted on the bank's official website for stakeholder access.

Operational Continuity

The simultaneous nature of the resignation and appointment ensures continuity in the Global Markets Group operations. Banerjee's commitment to a smooth transition, combined with Konda's extensive experience in treasury and risk management, positions the bank to maintain operational efficiency during this leadership change. The appointment reflects the bank's focus on bringing experienced professionals to key positions within its organizational structure.