Indusind Bank Limited has informed the Exchange regarding Change in Director(s) of the company.
INDUSINDBK · price
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IndusInd Bank has appointed two new Non-Executive Independent Directors: Mr. Nilesh Vikamsey (former ICAI President with 40+ years in audit and consulting) and Mr. Ravindra Garikipati (a tech executive and former CTO of Flipkart with 35+ years of experience). Both are appointed for four years from April 24, 2026, subject to shareholder approval. Additionally, two senior bank leaders — Mr. Ganesh Sankaran (Head of Wholesale Banking) and Mr. Jagdeep Mallareddy (Head of Consumer Banking) — have been designated as Executive Director – Designate, moving toward becoming Whole-time Directors on the board. Their appointment as Executive Directors is for three years, subject to RBI and shareholder approval. This is a board expansion and internal leadership elevation rather than a change in top management like the MD & CEO.
This strengthens the board with experienced independent oversight and formalises the elevation of two internal business heads to executive director roles. For shareholders, it signals governance reinforcement and continuity in leadership, though final appointments still need RBI and shareholder nods.