IndusInd Bank announced the cessation of two key members of its Senior Management Personnel: Mr. Sanjeev Anand and Mr. Vivek Bajpeyi. Both individuals retired from the Bank’s service effective from the close of business hours on March 31, 2026, due to superannuation. The bank has provided the mandatory regulatory disclosures detailing the change, confirming no other relevant information such as brief profiles or inter-director relationships exists for disclosure.
Change in Senior Management Roster
IndusInd Bank has formally notified the stock exchanges regarding a change in its Senior Management Personnel, pursuant to applicable regulations. This communication confirms that two senior executives, Mr. Sanjeev Anand and Mr. Vivek Bajpeyi, have ceased their roles.
Reason and Effective Date
The reason cited for the cessation of both individuals is their superannuation from the services of the Bank. The effective date for the change for both Mr. Anand and Mr. Bajpeyi was the close of business hours on March 31, 2026.
Regulatory Disclosure Details (Annexure I Summary)
As required by regulatory guidelines issued on January 30, 2026, the disclosure provides specific details:
- Reason for Change: Superannuation from the services of the Bank for both executives.
- Date of Cessation: End of business hours on March 31, 2026.
- Profile and Relationships: The disclosure explicitly states that the Brief Profile and any disclosure of relationship between Directors inter se are Not applicable for both individuals upon their departure.
The Bank confirmed that this information has been uploaded to its official website, www.indusind.bank.in, for public reference.
Source: BSE
