Indusind Bank , a leading private sector bank in India, has announced the appointment of Amitabh Kumar Singh as its new Chief Human Resources Officer (CHRO) and Senior Management Personnel, effective November 10, 2025. This strategic move aims to strengthen the bank's leadership team and enhance its human resource management capabilities.

Key Highlights of the Appointment

Professional Background

Amitabh Kumar Singh brings a wealth of experience to his new role at IndusInd Bank. His career spans nearly three decades, with a significant portion spent in the financial sector. Here's a breakdown of his professional journey:

• ICICI Group: 21 years of experience
  • ICICI Home Finance: CHRO (most recent position)
  • ICICI Prudential Life Insurance: 8 years
  • ICICI Bank: 11 years

Prior Experience

Before joining the ICICI Group, Singh worked with several reputed organizations, including:

• L&T Ltd
• Atos Origin India
• Tata Interactive Systems
• Mphasis Limited

This diverse experience across various sectors is expected to bring a fresh perspective to IndusInd Bank's human resource strategies.

Implications for IndusInd Bank

The appointment of Amitabh Kumar Singh as CHRO comes at a time when the banking sector is undergoing rapid changes, particularly in terms of talent management and digital transformation. His extensive experience in the financial sector, especially with the ICICI Group, is likely to be valuable for IndusInd Bank in several ways:

1. Strategic HR Management: Singh's background in leading HR functions in various financial institutions may help IndusInd Bank in aligning its human resource strategies with its overall business objectives.

2. Talent Acquisition and Retention: His experience could be crucial in attracting and retaining top talent in a competitive banking landscape.

3. Employee Development: Given his diverse experience, Singh may bring innovative approaches to employee training and development programs.

4. Organizational Culture: As part of the senior management team, he is expected to play a key role in shaping and enhancing the bank's organizational culture.

The appointment of Amitabh Kumar Singh underscores IndusInd Bank's commitment to strengthening its leadership team and focusing on human capital as a key driver of growth and innovation in the banking sector.

IndusInd Bank , after facing governance and accounting challenges, has outlined a strategic three-year plan to regain its market position and restore investor confidence. The bank, which recently experienced significant leadership changes and financial setbacks, is now focusing on a phased approach to growth and recovery.

Key Developments

• CEO Changes: Sumant Kathpalia and deputy Arun Khurana exited, with Rajiv Anand taking over as the new CEO.
• Financial Impact: The bank took a $230 million hit to accounts and reported its largest-ever loss in the March quarter.
• Recent Performance: Under new leadership, IndusInd Bank reported a net loss in the September quarter, with shrinking loan and deposit portfolios.

Three-Year Turnaround Strategy

Rajiv Anand, the new CEO, has laid out a comprehensive plan for the bank's recovery:

Financial Targets and Focus Areas

1. Return on Assets (ROA): The bank aims to achieve a 1.00% ROA within 12-18 months, down from previous levels before the governance issues.

2. Stock Performance: IndusInd's stock has dropped 18.00% in 2025, compared to an 8.00% rise in the Nifty 50.

3. Business Focus:

   • Grow commercial vehicle financing business (currently worth 358.80 billion rupees)
   • Reduce microloan portfolio market share from over 10.00% to 6.00-8.00%

4. New Opportunities: The bank plans to explore wealth management and acquisition financing.

5. Capital Position: Anand stated that the bank has adequate capital for the next couple of years.

Outlook

IndusInd Bank expects to grow in line with India's banking sector in the coming year, following its organizational overhaul. The bank's focus on specific business segments and its phased growth strategy indicate a cautious yet determined approach to recovery and future growth.

As IndusInd Bank implements its turnaround plan, investors and market watchers will be keenly observing its progress in achieving the set targets and regaining its market position in the Indian banking sector.