IndusInd Bank announces the appointment of Ganesh Sankaran, Head – Wholesale Banking Group, and Jagdeep Mallareddy, Head – Consumer Banking, as Additional Directors in the category of Executive Directors (Whole-time Directors) of the Bank.
Ganesh Sankaran is a banking leader with over three decades of experience across wholesale banking, retail credit and SME segments. He has held leadership roles at private sector banks and has been involved in building businesses and driving large-scale transformations. Prior to joining IndusInd Bank, he has been associated with Axis Bank, Federal Bank and HDFC Bank.
Jagdeep Mallareddy brings over three decades of experience in the financial services sector, with exposure across retail banking, lending, and credit, operations and risk management. Prior to joining IndusInd Bank, he was a part of leadership at Piramal Finance Limited and has also held leadership roles at Axis Bank.
Their appointments are for a period of three years, subject to the approval of the Reserve Bank of India (RBI) and the Bank’s shareholders. Upon their appointment taking effect, both will also serve as Key Managerial Personnel of the Bank. In the interim, Ganesh Sankaran and Jagdeep Mallareddy have been designated as Executive Director – Designate with effect from April 24, 2026, until their appointments come into effect.
