IndusInd Bank Limited announced a significant leadership transition with the appointment of Mr. Arijit Basu as Part-Time Chairman, effective January 31, 2026. The change follows the completion of Mr. Sunil Mehta's tenure as Part-Time Chairman and Director on January 30, 2026.

Leadership Transition Details

The bank disclosed the leadership change under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transition represents a planned succession following the natural completion of Mehta's tenure.

New Chairman's Profile and Experience

Mr. Arijit Basu brings extensive banking and financial services experience to his new role. He holds a master's degree in arts from the University of Delhi and has completed the course of Certified Associate of Indian Institute of Bankers.

Basu's distinguished career includes serving as Managing Director of State Bank of India and MD & CEO of SBI Life Insurance Company Ltd. Most recently, he served as Chairman of the Board of HDB Financial Services Ltd., a subsidiary of HDFC Bank Ltd.

Current Board Positions and Advisory Roles

The new Chairman maintains several key positions across the financial and corporate sectors:

• Independent Director at Prudential Plc
• Independent Director at Peerless Hospitex and Hospital Research Centre Ltd.
• Independent Director at CleanMax Enviro Energy Solutions Ltd.
• Senior Advisor to Ares Management Corporation
• Member of the Advisory Board of Razorpay Inc.

Appointment Terms and Regulatory Compliance

The bank confirmed that Basu is not debarred from holding the office of Director by virtue of any order of SEBI or any other authority, in accordance with SEBI's instructions to Stock Exchanges dated June 14, 2018.

Corporate Governance and Disclosure

The announcement was made in furtherance to the bank's earlier disclosure dated January 23, 2026. The information has been hosted on the bank's official website and communicated to the National Stock Exchange of India Limited and BSE Limited as per regulatory requirements.

The leadership transition reflects IndusInd Bank's commitment to maintaining strong corporate governance standards and ensuring continuity in its strategic direction under experienced banking leadership.

IndusInd Bank Limited has announced changes to its Senior Management Personnel (SMP) list effective January 28, 2026, in compliance with SEBI regulations. The bank has updated its leadership structure with key appointments and organizational changes.

Senior Management Changes

The bank has made specific changes to its senior management roster:

Current Senior Management Structure

The updated SMP list comprises 19 key positions across various business functions:

Leadership and Administration:

• Amitabh Kumar Singh - Chief Human Resources Officer
• Anand Kumar Das - Company Secretary & Key Managerial Personnel
• Anil Marco Rao - Chief Administrative Officer
• Viral Rajnikant Damania - Chief Financial Officer and Key Managerial Personnel

Banking Operations:

• Ganesh Sankaran - Head - Wholesale Banking Group
• Sanjeev Anand - Head - Wholesale Banking Group
• Soumitra Sen - Head - Consumer Banking, Marketing & Digital
• Sriram A G - Head - Consumer Finance Division
• Samir Dewan - Head - Affluent Banking & International Business, Wealth and Para Banking
• Siddharth Banerjee - Head - Investment Banking & Global Markets

Risk and Compliance:

• Vivek Bajpeyi - Chief Risk Officer
• Sachin Shamkant Patange - Chief Compliance Officer
• Manikantan Iyer - Chief of Internal Vigilance
• Pragati S Gondhalekar - Head - Internal Audit

Technology and Support Functions:

• Ravi Pangal - Chief Information Officer
• Balaji Narayanamurthy - Chief Data Officer
• Anand Vardhan - General Counsel
• Indrajit Yadav - Head - Investor Relations
• Shruti Kumar - Head – FRRG

Profile of New Appointees

Manikantan Iyer brings extensive experience in vigilance and compliance functions. He holds a B.Com (Cost Accounting) and an MBA from SIES College of Management Studies, Mumbai. As Chief of Internal Vigilance, he leads vigilance, investigations, preventive controls, and regulatory compliance with focus on ethical governance and organizational transparency. Prior to joining IndusInd Bank in 2013, he held senior positions at Birla Sun Life AMC and ICICI Bank.

Shruti Kumar specializes in resolution of stressed assets, particularly in the corporate segment. She completed her MBA in Finance from Symbiosis Institute of Management in 1995 and joined IndusInd Bank in June 2021. Her previous experience includes working with Arcil from November 2003 to April 2012 and ICICI Bank from May 2012 to June 2021.

Regulatory Compliance

The changes have been disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and comply with SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The disclosure has been made available on the bank's website at www.indusind.bank.in in accordance with regulatory requirements.