IndusInd Bank Leadership Shake-Up: Sunil Mehta Exits, Arijit Basu Named Chairman

• Sunil Mehta will conclude his term as part-time Chairman and Director of IndusInd Bank on January 30, 2026.
• Arijit Basu has been appointed as Additional Director and Part-time Chairman for three years, starting January 31, 2026, pending shareholder approval.
• Mehta previously chaired YES Bank's Reconstruction Board and was Non-Executive Chairman of Punjab National Bank.
• Basu brings extensive experience, having chaired HDB Financial Services Ltd and served as MD of State Bank of India and MD & CEO of SBI Life Insurance Company Ltd.
• Basu currently holds independent directorships at Prudential Plc, Peerless Hospitex, and CleanMax Enviro Energy Solutions.

Why It Matters: IndusInd Bank announces a significant leadership transition with Arijit Basu succeeding Sunil Mehta as Chairman.