IndusInd Bank has announced that Chairman Sunil Mehta will resign from his position in January. This development marks a significant leadership transition for the private sector lender.

Leadership Transition Details

The resignation announcement indicates that Mehta will step down from his role as Chairman during January. This change in leadership comes as part of the bank's corporate governance structure.

About the Current Leadership

Sunil Mehta has been serving as Chairman of IndusInd Bank. His departure will necessitate the bank to identify and appoint a successor to lead the board.

Impact on Bank Operations

The leadership transition is expected to be managed in accordance with regulatory requirements and corporate governance norms. The bank will likely follow established procedures for chairman succession to ensure continuity in operations and strategic direction.

IndusInd Bank , a leading private sector bank in India, has announced a significant addition to its senior management team. Effective December 8, 2025, Mr. Ganesh Sankaran will join the bank as the Head of the Wholesale Banking Group and will be part of the Senior Management Personnel.

Key Appointment Details

Sankaran's Professional Background

Mr. Sankaran brings a wealth of experience to his new role at IndusInd Bank:

• Over three decades of experience in the banking sector
• Expertise across Wholesale, Retail Credit, and SME segments
• Held senior leadership positions at prominent private sector banks

Previous Roles and Achievements

Mr. Sankaran's impressive career includes:

Throughout his career, Mr. Sankaran has demonstrated prowess in:

• Building businesses
• Driving large-scale business transformations
• Delivering consistent performance

His expertise extends to relationship management, credit and risk assessment, and product knowledge. Notably, Mr. Sankaran has also served on the boards of Axis Capital, Equirus Capital, and Fedbank Financial Services, showcasing his broad understanding of the financial services sector.

Implications for IndusInd Bank

The appointment of Ganesh Sankaran as the Head of Wholesale Banking Group is a strategic move for IndusInd Bank. His extensive experience and proven track record in the banking sector, particularly in wholesale banking, are likely to contribute significantly to the bank's growth strategies and operational excellence in this crucial segment.

This appointment aligns with IndusInd Bank's commitment to strengthening its leadership team with industry veterans who can drive innovation and growth in key business areas. Mr. Sankaran's diverse experience across various banking segments positions him well to lead the Wholesale Banking Group and potentially contribute to the bank's overall strategic direction.

As the banking sector continues to evolve, especially in the wholesale banking space, Mr. Sankaran's insights and leadership will be valuable for IndusInd Bank in navigating market challenges and capitalizing on new opportunities.

Conclusion

The appointment of Ganesh Sankaran marks a significant development for IndusInd Bank's Wholesale Banking Group. With his rich experience and proven leadership in the banking sector, Mr. Sankaran is well-positioned to drive growth and innovation in this critical business segment. As he assumes his new role, the banking industry will be watching closely to see how his expertise shapes IndusInd Bank's strategies and performance in the wholesale banking arena.