IndusInd Bank Ltd appoint three new directors

Ganesh Sankaran and Jagdeep Mallareddy have been appointed as Executive Directors (Whole-Time Directors) of IndusInd Bank Limited with effect from August 4, 2026. Meanwhile, Ms. Mini Ipe has been appointed as Non-Executive Independent Director with effect from August 3, 2026.

Ganesh Sankaran is a seasoned banking leader with over three decades of experience across Wholesale, Retail Credit and SME. He has held senior leadership positions at leading private sector Banks, playing a pivotal role in building businesses, driving large-scale business transformations, and delivering consistent performance. His career reflects depth in relationship management, credit and risk, product expertise, and board-level exposure. Prior to joining IndusInd Bank, his major banking career spans across Axis Bank, Federal Bank and HDFC Bank.

Jagdeep Mallareddy has over three decades of experience in the financial services sector, with exposure across retail banking, lending, credit, operations, and risk management. Mr. Jagdeep Mallareddy holds a Master of Business Administration from Andhra University and a Bachelor of Commerce (Honours) from Osmania University. Prior to joining IndusInd Bank Limited, he was associated with Piramal Finance Limited as Chief Executive Officer- Retail Lending.

Mini Ipe, former Managing Director of Life Insurance Corporation of India (LIC), brings over 37 years of distinguished leadership experience across the insurance, banking, and financial services sectors. During her illustrious career with LIC, she held several key positions across investment management, claims, finance and accounts, personnel administration, pension and group schemes, policy servicing, and regulatory compliance. She also served as Chief Executive Officer of LICHFL Financial Services Limited, a subsidiary of LIC Housing Finance Limited. Ms. Ipe possesses significant exposure to the banking sector, having served for approximately six years on the Boards of Central Bank of India and Axis Bank Limited.