IndusInd Bank Limited has announced a significant addition to its senior management team with the designation of Mr. Ravi Pangal as Chief Information Officer, effective January 28, 2026. The appointment was communicated to stock exchanges through a regulatory filing under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Leadership Appointment Details

The bank formally designated Mr. Pangal as part of its Senior Management Personnel structure, marking a strategic move to strengthen its technology leadership. The announcement was made pursuant to Regulation 30 of the SEBI regulations and communicated to major stock exchanges.

Professional Background and Expertise

Mr. Ravi Pangal brings substantial technology leadership experience from the financial services sector. His career spans multiple prominent institutions where he held key technology and strategic roles.

Educational Qualifications

• MCA in Computer Applications from Bharathiar University
• BSc in Mathematics & Statistics from Bharathiar University

Career Progression

Pangal's professional journey includes significant roles across major financial institutions:

• HSBC: Served as Global CIO – Core Banking & Bangalore Centre Head
• Standard Chartered (Scope International): Centre Head – Technology
• ANZ Bank: Technology Project Director, Head of Strategy/PMO/MIS
• Other Technology Roles: Key positions at Reuters, ICICI Infotech (Ajax Software), and Wipro Systems

Regulatory Compliance and Disclosure

The appointment follows proper regulatory protocols with comprehensive disclosure to stock exchanges. The bank filed the necessary documentation under SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full compliance with listing requirements.

The information has been made available on the bank's official website at www.indusind.bank.in , maintaining transparency with stakeholders and investors.

Strategic Implications

This senior management appointment reflects IndusInd Bank's continued focus on strengthening its technology capabilities and leadership structure. The addition of an experienced technology executive to the Senior Management Personnel demonstrates the bank's commitment to digital transformation and technological advancement in the competitive banking sector.

IndusInd Bank has disclosed a regulatory penalty imposed by the Reserve Bank of India, highlighting compliance challenges in its currency chest operations. The bank made the disclosure under Regulation 30 of SEBI Listing Regulations on January 28, 2026.

Penalty Details

The Reserve Bank of India has imposed a penalty of Rs. 2,03,000/- on IndusInd Bank's Currency Chest located in Chennai. The penalty relates to discrepancies found in Soiled Note Remittance (SNR) operations during regulatory examination.

Regulatory Framework

The penalty has been levied under the Master Direction DCM (CC) No. G-1/03.44.01/2025-26 dated April 01, 2025. This master direction establishes the scheme of penalties for bank branches and currency chests, specifically targeting operational discrepancies in currency management.

The regulatory action was taken under para 2.i, ii & iii of the aforementioned master direction, which governs penalty provisions for currency chest operations.

Financial Impact

The bank has quantified the monetary impact of this regulatory action at Rs. 2,03,000/-, representing the direct penalty amount. This penalty stems from discrepancies detected during the examination of soiled notes received in remittance operations.

Compliance Disclosure

IndusInd Bank has fulfilled its disclosure obligations by informing the National Stock Exchange of India, BSE Ltd., and Luxembourg Stock Exchange about the regulatory penalty. The bank has also uploaded this information on its official website at www.indusind.bank.in as part of its transparency commitments.

The disclosure was signed by Anand Kumar Das, Company Secretary, ensuring proper authorization and compliance with regulatory requirements.