Indusind Bank has announced the resignation of Shiv Bhasin from his position as Chief Transformation Officer, with the resignation becoming effective from the close of business hours on January 16, 2026. The bank disclosed this information through a regulatory filing under Regulation 30 of the SEBI Listing Regulations.

Resignation Details

The following table summarizes the key details of the resignation:

Official Communication

In his resignation email dated December 17, 2025, Bhasin expressed gratitude to the Board, Management Committee, and colleagues for their trust and support. He acknowledged serving the bank during a phase of significant transformation and change, highlighting the important foundations laid across transformation initiatives, data and technology modernization, governance, and operating effectiveness.

Bhasin committed to ensuring a smooth and orderly transition of responsibilities and extended full cooperation to enable continuity across ongoing initiatives during the notice period. He requested for his earliest possible relieving from job responsibilities.

Leadership Transition Impact

The departure of the Chief Transformation Officer represents a notable change in Indusind Bank's senior management structure. The role is crucial for driving digital initiatives and organizational change within the banking institution. The bank has not yet announced plans for Bhasin's replacement or interim arrangements for the transformation division.

Regulatory Compliance

The bank has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Regulations, providing formal notification to the National Stock Exchange, BSE Limited, and Luxembourg Stock Exchange. The disclosure has also been hosted on the bank's official website in compliance with regulatory requirements.

IndusInd Bank has received an Environmental, Social, and Governance (ESG) rating of 83 from CFC Finlease Private Limited, as disclosed to the stock exchanges on December 10, 2025. The rating reflects the bank's ESG performance based on publicly available information for FY2025.

ESG Rating Details

The ESG rating assignment was made independently by CFC Finlease without any engagement or commission from IndusInd Bank. The rating agency conducted its assessment using publicly available information pertaining to the bank's operations and performance for the financial year 2025.

Regulatory Compliance and Disclosure

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in conjunction with SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. This regulatory framework mandates listed companies to disclose material information that could impact investor decisions.

Information Accessibility

The complete ESG rating report as prepared by CFC Finlease is now available on BSE Limited's official website at www.bseindia.com . Additionally, IndusInd Bank has hosted this information on its corporate website at www.indusind.com to ensure easy access for all stakeholders.

Independent Assessment Framework

The bank emphasized that CFC Finlease conducted this ESG evaluation independently, without any formal engagement or request from the bank. This independent assessment approach ensures objectivity in the rating process and provides stakeholders with an unbiased view of the bank's ESG performance across environmental, social, and governance parameters.