IndusInd Bank Limited has disclosed the appointment of three directors approved by shareholders at the 32nd Annual General Meeting held on August 27, 2026. This disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Director Appointments

Ms. Mini Ipe (DIN: 07791184)

  • Appointed as Non-Executive Independent Director
  • Term: 4 consecutive years from August 3, 2026 to August 2, 2030 (both days inclusive)
  • Background: Former Managing Director of Life Insurance Corporation of India (LIC) with 37 years of leadership experience across insurance, banking, and financial services sectors. Previously held key positions at LIC including investment management, claims, finance and accounts, personnel administration, pension and group schemes, policy servicing, and regulatory compliance. Served as CEO of LICHFL Financial Services Limited (subsidiary of LIC Housing Finance Limited). Has approximately six years of board experience with Central Bank of India and Axis Bank Limited. Currently serves on boards of PTC India Limited and PTC Financial Services Limited. Holds Master's degree in Commerce.

Mr. Ganesh Sankaran (DIN: 07580955)

  • Appointed as Whole-time Director designated as 'Executive Director (Whole-time Director)' and Key Managerial Personnel
  • Term: 3 consecutive years from August 4, 2026 to August 3, 2029 (both days inclusive)
  • Background: Seasoned banking leader with over three decades of experience across Wholesale, Retail Credit and SME segments. Held senior leadership positions at leading private sector banks including Axis Bank, Federal Bank and HDFC Bank. Previously served on boards of Axis Capital, Equirus Capital, and Fedbank Financial Services. Expertise in relationship management, credit and risk, and product development.

Mr. Jagdeep Mallareddy (DIN: 07492539)

  • Appointed as Whole-time Director designated as 'Executive Director (Whole-time Director)' and Key Managerial Personnel
  • Term: 3 consecutive years from August 4, 2026 to August 3, 2029 (both days inclusive)
  • Background: Over three decades of experience in financial services sector with exposure across retail banking, lending, credit, operations, and risk management. Previously served as Chief Executive Officer-Retail Lending at Piramal Finance Limited. Held senior leadership roles at Axis Bank Limited including Head-Retail Lending. Also associated with ICICI Prudential Life Insurance Company. Holds Master of Business Administration from Andhra University and Bachelor of Commerce (Honours) from Osmania University.

Additional Information

  • All three directors are not debarred from holding office of director by virtue of any order passed by SEBI or any other authority
  • No inter-se relationship exists between the appointed directors
  • The information is hosted on the Bank's website at www.indusind.bank.in
  • The disclosure was signed by Anand Kumar Das, Company Secretary, on August 27, 2026 at 20:34:38 +05:30