IndusInd Bank Updates Senior Management Personnel List with Key Appointments
IndusInd Bank Limited has updated its Senior Management Personnel list as of January 28, 2026, adding Manikantan Iyer as Chief of Internal Vigilance and Shruti Kumar as Head – FRRG while removing Niraj Piyush Shah due to reporting hierarchy changes. The bank now has 19 senior management positions across various functions including banking operations, risk management, compliance, and technology. Both new appointees bring significant industry experience, with comprehensive backgrounds in their respective domains.
*this image is generated using AI for illustrative purposes only.
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:
| Change Type: | Personnel | Position |
|---|---|---|
| Addition: | Manikantan Iyer | Chief of Internal Vigilance |
| Addition: | Shruti Kumar | Head – FRRG |
| Removal: | Niraj Piyush Shah | Due to reporting hierarchy change |
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.
Historical Stock Returns for Indusind Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.78% | -0.38% | +6.10% | +9.47% | -2.67% | +9.94% |
17
