IndusInd Bank Chairman To Step Down In January
IndusInd Bank has confirmed that its chairman, Sunil Mehta, will step down when his term ends in January 2026. The announcement comes during a broader organisational overhaul at the private lender after a difficult financial year.
Overhaul Triggered By Losses
Earlier in 2025, the bank posted its largest quarterly loss after a major hit from derivatives positions. The setback also led to the exit of former CEO Sumant Kathpalia and his deputy. The loss exposed governance issues and internal control gaps, prompting board-level action.
The bank said new measures are being put in place to strengthen oversight and restore confidence among stakeholders. This includes tighter risk controls, audit upgrades and fresh reporting mechanisms.
Leadership Changes Underway
Rajiv Anand, who took charge as CEO in August 2025, will now oversee the restructuring. The Hinduja Group-backed board is also working to fill key roles, including a new Chief Financial Officer. Further additions to executive leadership are expected over the coming months.
Focus On Recovery
IndusInd Bank has stated that its goal is to return to a healthy return-on-assets over the next year and restore growth momentum. The bank believes that the ongoing changes will help stabilise operations and rebuild trust after a turbulent phase.
