IndusInd Bank Leadership Reset Deepens as Chairman Sunil Mehta Prepares to Exit in January

’s non-executive chairman Sunil Mehta will step down when his current three-year term ends in January 2026 and he will not seek reappointment, capping a year of intense churn at the top of the lender. His exit follows the April 2025 resignations of former CEO Sumant Kathpalia and deputy CEO Arun Khurana after derivative and microfinance accounting lapses triggered the bank’s largest-ever quarterly loss of about ₹2,300 crore.​ Why the exit matters Mehta had been the steadying face of the board through the crisis, overseeing an interim management committee and the eventual appointment of Rajiv Anand as CEO in August 2025. His decision to leave at the end of his term underscores the board’s attempt to draw a line under the governance episode and reset accountability with a refreshed leadership slate.​ Where the bank goes next IndusInd has simultaneously been filling key roles, including a new CFO, CHRO and wholesale banking head, signalling a broader organisational overhaul rather than a one-off change. Management has guided for balance-sheet repair, tighter controls and a gradual move towards a 1% return on assets over the next 12–18 months, making the choice of the next chair critical for restoring investor and regulatory confidence. Source: The Hindu No Recommendations