IndusInd Bank has announced the appointment of Ms. Mini Ipe as an Additional Director in the category of Non-Executive Independent Director. Her tenure will span four consecutive years, commencing from August 3, 2026, and concluding on August 2, 2030. Ms. Ipe brings over 37 years of experience in the insurance sector, having previously served as an Ex-Managing Director at Life Insurance Corporation of India (LIC), holding multiple leadership roles.
Board Strengthened with Experienced Director
IndusInd Bank Limited (the “Bank”) has officially announced the appointment of Ms. Mini Ipe as an Additional Director on its Board. Ms. Ipe will serve in the capacity of a Non-Executive Independent Director, a role crucial for enhanced corporate governance and strategic oversight. Her appointment is effective from August 3, 2026, and is set for a term of four years, concluding on August 2, 2030, subject to shareholder approval.
Ms. Mini Ipe’s Extensive Background
Ms. Mini Ipe possesses a rich and diverse professional background spanning over 37 years in the insurance industry. She is a former Managing Director of the Life Insurance Corporation of India (LIC), where she held various significant positions and handled critical assignments with distinction. Her expertise encompasses investments, claims, personnel management, pension and group schemes (P&GS), finance and accounts, policy service, and regulatory compliance. Notably, she was the first Lady Zonal Manager (In Charge) of LIC for the South Central Zone, Hyderabad. Her contributions have been recognized, including being named one of “India’s Top 100 Women in Finance” in 2000.
Current and Past Board Engagements
In addition to her new role at IndusInd Bank, Ms. Ipe currently serves on the Boards of PTC India Limited and PTC Financial Services Limited. She has also previously held a position on the Board of Axis Bank Limited. Ms. Ipe holds a master’s degree in commerce and has demonstrated significant leadership capabilities throughout her career, including at Chief Executive and Board-level positions within the Life Insurance Corporation of India.
Source: BSE
