Chandigarh, Apr 30 : IndusInd Bank has announced the appointment of Mr. Ganesh Sankaran, Head Wholesale Banking Group, and Mr. Jagdeep Mallareddy, Head Consumer Banking, as Additional Directors in the category of Executive Directors (Whole-time Directors) of the Bank.
Mr. Ganesh Sankaran is a seasoned banking leader with over three decades of experience across wholesale banking, retail credit and SME segments. He has held senior leadership roles at leading private sector banks and has been instrumental in building businesses and driving large-scale transformations. Prior to joining IndusInd Bank, he has been associated with Axis Bank, Federal Bank and HDFC Bank.
Mr. Jagdeep Mallareddy brings over three decades of experience in the financial services sector, with exposure across retail banking, lending, and credit, operations and risk management. Prior to joining IndusInd Bank, he was a part of leadership at Piramal Finance Limited and has also held senior leadership roles at Axis Bank.
Their appointments are for a period of three years, subject to the approval of the Reserve Bank of India (RBI) and the Bank’s shareholders. Upon their appointment taking effect, both will also serve as Key Managerial Personnel of the Bank. In the interim, Mr. Ganesh Sankaran and Mr. Jagdeep Mallareddy have been designated as Executive Director Designate with effect from April 24, 2026, until their appointments come into effect.
