IndusInd Bank Limited has informed the Exchange about change in Management
INDUSINDBK · price
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IndusInd Bank has appointed Mr. Saurav Saha as its new Chief Risk Officer, replacing Mr. Vivek Bajpeyi, effective February 24, 2026. The bank has also appointed Ms. Judy Heredia as its new Chief Credit Officer, effective the same date. Mr. Saha comes from HDFC Bank where he was Head of Financial Risk Management, and has prior senior risk leadership roles at HSBC India, HSBC Bangladesh, and other banks. Ms. Heredia is an internal appointee who has been with IndusInd Bank for around 30 years and built the Wholesale Banking Group credit function. Both appointments are for a three-year term. The outgoing CRO, Mr. Bajpeyi, will continue as a senior management personnel until his retirement on March 31, 2026.
The dual appointment strengthens the bank's top risk and credit leadership at a time when portfolio quality and risk governance are under close investor scrutiny. Internal elevation of Ms. Heredia signals continuity in the credit function, while the external hire for the CRO role brings fresh experience from larger peers like HDFC Bank and HSBC. For shareholders, this is a routine but positive governance signal, though it is unlikely to be a major stock-moving event on its own.