IndusInd Bank Appoints Viral Damania as CFO Effective September 22, 2025

IndusInd Bank has appointed Viral Damania as Chief Financial Officer and Key Managerial Personnel with effect from September 22, 2025, as approved by the Board on the same day.

IndusInd Bank CFO appointment update

The Board approved Viral Damania’s appointment as CFO and KMP effective September 22, 2025, with the decision recorded at a meeting that ran from 11:04 a.m. to 2:37 p.m. IST on the same date.

Following this change, the additional responsibilities assigned to Santosh Kumar as Special Officer Finance and Accounts and his KMP categorisation cease immediately, while he continues as Deputy CFO.

Viral Damania’s Professional Profile

Viral Damania is a Chartered Accountant, Company Secretary, and Cost and Works Accountant, and also holds an ISACA certification in Information Systems Audit and Control.

He brings 27 years of experience across banking and professional services, having served as CFO for Bank of America India and as a non-executive director on the board of BofA Securities India Ltd.

His earlier roles include leadership positions at Citibank N.A. across India, Bangladesh, Sri Lanka, and prior experience with Price Waterhouse Coopers.

Read More: CRED and Ixigo Team Up for Flight Bookings on New IndusInd Bank RuPay Credit Card!

IndusInd Bank Share Price Performance

On September 22, 2025, IndusInd Bank share price opened at ₹744.40 on NSE, near the previous close of ₹744.40. During the day, it surged to ₹748.30 and dipped to ₹733.60. The stock is trading at ₹735.15 as of 2:54 PM. The stock registered a moderate decline of 1.24%.

Over the past week, it has declined by 0.96%, over the past month, it has declined by 4.63%, and over the past 3 months, it has declined by 12.47%.

Conclusion

IndusInd Bank’s appointment of Viral Damania as CFO with effect from September 22, 2025, formalises the finance leadership transition, while Santosh Kumar continues as Deputy CFO to support continuity.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities are subject to market risks. Read all related documents carefully before investing.