Archive · 10 Dec 2025
IndusInd Bank Leadership Changes Continue
IndusInd Bank is going through some big changes.
Sunil Mehta, the current chairman, will be stepping down in January 2024.
The bank recently reported a large loss and has faced criticism for some problems with its finances.
Rajiv Anand, who became the CEO in August 2025, is leading efforts to fix these issues and make the bank stronger.
The bank has also appointed new leaders for important roles, like Ganesh Sankaran, who will now be in charge of wholesale banking.
AP Hinduja, the largest shareholder, has said that the board is working on restructuring and plans to appoint new directors.
These changes are happening to help the bank improve and move forward.
Sunil Mehta, the current chairman of IndusInd Bank, will step down in January 2024.
IndusInd Bank reported its largest-ever quarterly loss of ₹2,328.9 crore for Q1 2024 due to higher provisioning and lower income.
The bank has faced criticism from investors for governance and accounting issues, leading to the resignation of former CEO Sumant Kathpalia and Deputy CEO Arun Khurana earlier this year.
Rajiv Anand, who became CEO in August 2025, is leading an organizational overhaul and has appointed new senior executives, including Ganesh Sankaran as the new head of wholesale operations.
AP Hinduja, the largest shareholder, has informed that the board is restructuring and intends to appoint new directors.
- Who
- IndusInd Bank, Sunil Mehta, Rajiv Anand, AP Hinduja, Akila Krishnakumar, Ganesh Sankaran
- What
- Leadership changes and restructuring at IndusInd Bank
- When
- Sunil Mehta to step down in January 2024; Rajiv Anand became CEO in August 2025
- Where
- Mumbai, India
- Why
- To address governance issues, accounting lapses, and organizational restructuring
- Sunil Mehta
- Chairman of IndusInd Bank, stepping down in January 2024
- Sunil Mehta
- Former Chairman of Yes Bank and Punjab National Bank
- IndusInd Bank
- Reported a quarterly loss of ₹2,328.9 crore for Q1 2024
- IndusInd Bank
- Faced criticism for governance and accounting issues
- Rajiv Anand
- CEO of IndusInd Bank since August 2025
- Ganesh Sankaran
- New Head of Wholesale Banking Group
- AP Hinduja
- Largest shareholder in IndusInd Bank
- Akila Krishnakumar
- Board member, term ends next year
