RBI approves appointment of two Executive Directors at IndusInd Bank
INDUSINDBK · price
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IndusInd Bank has received RBI approval for the appointment of Mr. Ganesh Sankaran and Mr. Jagdeep Mallareddy as Executive Directors (Whole-time Directors) for three years, effective August 4, 2026 to August 3, 2029. Both are internal promotions from senior management: Sankaran heads Wholesale Banking and Mallareddy heads Consumer Banking. The Board had approved their appointment on April 24, 2026, subject to RBI and shareholder approval. Both bring over three decades of banking experience from prior stints at Axis Bank, HDFC Bank, Federal Bank, and Piramal Finance.
Positive signal of leadership continuity with experienced internal candidates, regulatory clearance secured; pending shareholder approval.