IndusInd Bank Share Price in Focus; Appoints Arijit Basu as New Part-Time New Chairman

IndusInd Bank has announced a significant change in its leadership with the appointment of Arijit Basu as the new Chairman. This follows the completion of Sunil Mehta's tenure, marking a new chapter for the bank. 

Leadership Transition at IndusInd Bank 

On January 23, 2026, IndusInd Bank's Board of Directors approved the appointment of Arijit Basu as the new Part-Time Chairman and Non-Executive Independent Director. His term will commence on January 31, 2026, and continue until January 30, 2029, subject to shareholder approval. 

Sunil Mehta will step down on January 30, 2026, after completing his tenure. The bank expressed its gratitude for his leadership and contributions during challenging times. 

Arijit Basu's Distinguished Career 

Arijit Basu brings extensive experience to IndusInd Bank. He holds a master's degree in arts from the University of Delhi and is a Certified Associate of the Indian Institute of Bankers. His previous roles include Chairman of HDB Financial Services Ltd., a subsidiary of HDFC Bank Ltd., and Managing Director of State Bank of India. 

He has also served as MD & CEO of SBI Life Insurance Company Ltd. Currently, he is an Independent Director on the boards of Prudential Plc, Peerless Hospitex and Hospital Research Centre Ltd., and CleanMax Enviro Energy Solutions Ltd. Additionally, he advises Ares Management Corporation and is on the Advisory Board of Razorpay Inc. 

Regulatory Compliance and Approval 

The appointment of Arijit Basu has received approval from the Reserve Bank of India and the Compensation and Nomination & Remuneration Committee. The bank has confirmed that he is not debarred from holding the office of Director by any regulatory authority. 

IndusInd Bank Share Price Performance 

As of January 23, 2026, at 1:35 PM, IndusInd Bank share price on NSE was trading at ₹899.75 down by 0.30% from the previous closing price. 

Read More: Bank of Baroda and IIFCL Partner to Strengthen Infrastructure Financing! 

Conclusion 

IndusInd Bank's appointment of Arijit Basu as Chairman marks a strategic leadership change. With his extensive experience, Basu is expected to guide the bank through its next phase of growth and development. 

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