IndusInd Bank announced several key appointments to enhance its leadership team. Amitabh Kumar Singh has been appointed as the chief human resources officer (CHRO), effective November 10, and will also be part of the bank’s senior management. Singh brings extensive experience, having worked for 21 years with the ICICI group, most recently serving as CHRO for ICICI Home Finance. His career includes eight years at ICICI Prudential Life Insurance and 11 years at ICICI Bank. Additionally, the bank has appointed a new managing director and chief executive officer for Bharat Financial Inclusion (BFIL), a wholly owned subsidiary, along with a chief data officer and a head of wholesale banking.
In July, Zubin Mody resigned as the Chief Human Resources Officer (CHRO) of the bank after a long-standing, two-decade tenure. Following this transition, Balaji Narayanamurthy has been appointed as the new Chief Data Officer. In this role, he is set to oversee the bank’s data strategy, business intelligence, advanced analytics, artificial intelligence (AI) projects, and data engineering. Narayanamurthy brings extensive experience to the position, having previously served at Axis Bank as president and head of the business intelligence unit and subsequently as head of enterprise AI. His professional background also includes over ten years in the US credit card sector, where he held leadership roles at Barclays US and Capital One, including a position as group director of analytics.
Further, the bank has appointed Ganesh Sankaran as the head of the wholesale banking group. His responsibilities include developing the bank’s strategy and business across various sectors such as corporate banking, institutional banking (including public sector undertakings and government banking), small and medium enterprises (SMEs), the mid-market group, real estate, supply chain finance, transaction banking, as well as project and structured finance. Sankaran brings extensive experience from his career at Axis Bank, Federal Bank, and HDFC Bank.
The bank has appointed Tapobrat Chaudhuri as the Managing Director and CEO of BFIL, its wholly owned microfinance subsidiary. Chaudhuri’s responsibilities will involve advancing BFIL’s strategic priorities, which focus on improving asset quality and collections, decreasing delinquencies, optimizing costs, and enhancing the collaboration between the bank and BFIL to refine the retail business. Additionally, he will work on reinforcing compliance and governance frameworks. Before this role, Chaudhuri was the president and business head for microfinance at Kotak Mahindra Bank and has experience with Axis Bank and the State Bank of India group, encompassing both corporate and retail banking sectors.
These appointments demonstrate the bank’s commitment to strengthening leadership and driving sustainable growth by enhancing expertise in key functions. Recent appointments include Viral Damania as CFO, Pragati Gondhalekar as head of internal audit, Pankaj Sharma for business transformation, Anand Vardhan as general counsel, and Sheran Mehra as chief marketing officer.
