IndusInd Bank has announced significant changes to its Senior Management Personnel, effective February 24, 2026. Mr. Saurav Saha has been appointed as the new Chief Risk Officer, succeeding Mr. Vivek Bajpeyi. Additionally, Ms. Judy Heredia has been appointed as the Chief Credit Officer. Mr. Bajpeyi will remain in his role until his superannuation on March 31, 2026. Appointments for both new officers are set for an initial term of three years.
IndusInd Bank Senior Management Appointments Effective February 2026
IndusInd Bank has formally communicated strategic changes within its senior management team, effective from February 24, 2026. These appointments follow the necessary approvals and adherence to regulatory disclosure requirements.
Key Personnel Transitions
The announcement details two primary changes:
- Mr. Saurav Saha has been appointed as the new Chief Risk Officer and Senior Management Personnel of the Bank.
- Ms. Judy Heredia has been appointed as the new Chief Credit Officer and Senior Management Personnel.
These appointments are made in place of Mr. Vivek Bajpeyi concerning the Chief Risk Officer role.
Succession Planning and Tenure
Mr. Vivek Bajpeyi will continue to serve as Senior Management Personnel until his scheduled superannuation date, which is March 31, 2026. Both new appointments—Mr. Saha and Ms. Heredia—have an initial term set for 3 (three) years from their appointment date.
Profile Highlights of New Appointees
Mr. Saurav Saha (Chief Risk Officer)
Mr. Saha holds a PGDM from IIM Lucknow and a B. Tech in Electronics & Communication Engineering. Prior to joining IndusInd Bank, he held the position of Head – Financial Risk Management at HDFC Bank. His background includes extensive senior leadership experience in risk management, with previous roles at HSBC Bangladesh, HSBC India, Saudi Awwal Bank, ABN AMRO Bank, and CRISIL.
Ms. Judy Heredia (Chief Credit Officer)
Ms. Heredia is a Commerce graduate and a Certified Associate of the Indian Institute of Banking & Finance (CAIIB). She also holds the designation of Certified Financial Risk Manager (FRM). Ms. Heredia has been closely associated with the Bank for the past three decades, playing a crucial role in building and leading the Wholesale Banking Group (WBG) Credit function, focusing on strengthening the credit risk governance framework and safeguarding portfolio quality.
Board Approval Details
The Board Meeting commenced at 10.00 a.m. (IST). The proposal for these changes received formal approval from the Board later that day at 3.35 p.m. (IST).
Source: BSE
