IndusInd Bank announced the appointment of three new directors, approved at its 32nd Annual General Meeting on August 27, 2026. Ms. Mini Ipe joins as a Non-Executive Independent Director for four years. Mr. Ganesh Sankaran and Mr. Jagdeep Mallareddy have been appointed as Whole-time Directors, designated as Executive Directors, for three-year terms. All appointees are confirmed not to be debarred by any regulatory authority.
Key Leadership Appointments Approved
IndusInd Bank has announced significant additions to its board of directors, with appointments approved by shareholders at the 32nd Annual General Meeting held on August 27, 2026. These appointments are in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
New Directors and Their Tenures
The following individuals have been appointed:
- Ms. Mini Ipe (DIN: 07791184) has been appointed as a Non-Executive Independent Director for a period of four consecutive years, effective from August 3, 2026, up to August 2, 2030.
- Mr. Ganesh Sankaran (DIN: 07580955) has been appointed as a Whole-time Director, designated as ‘Executive Director (Whole-time Director)’ and Key Managerial Personnel, for a period of three consecutive years, effective from August 4, 2026, up to August 3, 2029.
- Mr. Jagdeep Mallareddy (DIN: 07492539) has also been appointed as a Whole-time Director, designated as ‘Executive Director (Whole-time Director)’ and Key Managerial Personnel, for a period of three years, effective from August 4, 2026, up to August 3, 2029.
Background and Qualifications
Ms. Mini Ipe brings over 37 years of experience in the insurance, banking, and financial services sectors. She previously served as the Managing Director of Life Insurance Corporation of India (LIC) and held key positions in investment management, claims, and regulatory compliance. She also has board experience with Central Bank of India and Axis Bank Limited.
Mr. Ganesh Sankaran is a seasoned banking professional with over three decades of experience in wholesale, retail credit, and SME banking. He has held senior leadership roles at leading private sector banks and has prior experience with Axis Bank, Federal Bank, and HDFC Bank.
Mr. Jagdeep Mallareddy possesses over three decades of experience in the financial services sector, with expertise in retail banking, lending, credit, and risk management. He holds a Master of Business Administration and has previously served as CEO of Piramal Finance Limited’s Retail Lending division and held senior roles at Axis Bank Limited.
Regulatory Confirmation
The bank confirms that Ms. Mini Ipe, Mr. Ganesh Sankaran, and Mr. Jagdeep Mallareddy are not debarred from holding the office of a Director by any order passed by SEBI or any other authority. Detailed disclosures as required are enclosed as per Annexure I.
This information is also being hosted on the Bank’s website at www.indusind.bank.in.
Source: BSE
