IndusInd Bank Chairman Mehta to Exit in Jan Amid Leadership Shake-up

• IndusInd Bank Chairman Sunil Mehta will step down in January at the end of his term.
• His departure is part of an ongoing organizational overhaul at the private lender.
• The bank recently reported its largest-ever quarterly loss due to a $230 million hit amid governance and accounting failures.
• This follows previous leadership changes, including the departure of former CEO Sumant Kathpalia and Deputy CEO Arun Khurana.
• The bank has appointed new executives, including a CEO (Rajiv Anand), head of wholesale operations, CFO, and CHRO, aiming to fix accountability and achieve a 1% return on assets.

Why It Matters: IndusInd Bank's leadership changes affect its stability and future performance.