IndusInd Bank has received a rating reaffirmation from CARE Ratings Limited, maintaining its strong credit profile in the short-term debt market. The rating agency communicated its decision on April 8, 2026, with the bank disclosing the information on April 9, 2026, in compliance with regulatory requirements.

Rating Details

CARE Ratings Limited has re-affirmed IndusInd Bank's short-term rating at 'CARE A1+' for its Certificate of Deposits program. The rating action covers a substantial issuance size and reflects the bank's creditworthiness.

Regulatory Compliance

The bank disclosed this rating action under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was addressed to major stock exchanges where the bank's securities are listed, including the National Stock Exchange of India Limited and BSE Limited.

Additional Information

IndusInd Bank has made the rating rationale accessible through appropriate channels and uploaded the relevant documentation on its official website at www.indusind.bank.in . The rating reaffirmation provides continued confidence in the bank's short-term debt instruments and supports its funding capabilities in the money market.

The CARE A1+ rating represents the highest level of safety regarding timely payment of financial obligations on short-term debt instruments, indicating very strong capacity for timely payment of financial obligations.

IndusInd Bank Limited has announced a key leadership appointment in its consumer banking division, naming Mr. Jagdeep Mallareddy as Head – Consumer Banking effective April 9, 2026. The appointment was formally disclosed to stock exchanges under regulatory compliance requirements.

Appointment Details

The bank has designated Mr. Mallareddy as Senior Management Personnel, with his appointment taking effect from April 9, 2026. The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background

Mr. Mallareddy brings extensive experience to his new role, with over three decades in the financial services sector. His expertise spans multiple areas including retail banking, lending, credit, operations, and risk management.

Recent Career Highlights

Prior to joining IndusInd Bank Limited, Mr. Mallareddy served as Chief Business Officer at Piramal Finance Limited. His previous tenure at Axis Bank Limited included senior leadership positions, notably as Head – Retail Lending.

Career Progression

Mr. Mallareddy's professional journey includes associations with several prominent financial institutions:

• ICICI Prudential Life Insurance Company Limited
• HDFC Bank Limited
• Kotak Mahindra Prime Limited
• Cholamandalam Investment and Finance Company Limited
• Bajaj Auto Finance Limited

Educational Qualifications

Mr. Mallareddy holds strong academic credentials in business and commerce:

Regulatory Compliance

The appointment disclosure was made in compliance with SEBI regulations and has been communicated to the National Stock Exchange of India Limited, BSE Limited, and Luxembourg Stock Exchange. The information is also available on the bank's official website at www.indusind.bank.in .

This strategic appointment reinforces IndusInd Bank's commitment to strengthening its consumer banking operations with experienced leadership in the competitive financial services landscape.