Banks / IndusInd Bank
Banks / IndusInd Bank
Managing Director & CEO, IndusInd Bank — assumed charge on 25 August 2025 for a three-year term (to August 2028). A career banker with 35+ years of experience, he joined from Axis Bank where he served as Deputy Managing Director overseeing wholesale banking, retail banking and other verticals. He was brought in as an external appointee, at RBI's insistence, specifically to stabilise and rebuild the bank after the 2025 derivatives-accounting crisis.
In March 2025 IndusInd Bank disclosed internal-accounting discrepancies in its derivatives/forex portfolio; an independent review by Grant Thornton found incorrect accounting of internal derivative trades (notably on early terminations) had inflated profits, with a cumulative adverse impact of ~₹1,960 Cr on P&L as of 31 March 2025. MD & CEO Sumant Kathpalia and Deputy CEO Arun Khurana resigned in April 2025 taking moral responsibility; the bank also flagged a suspected fraud involving certain employees and posted its worst-ever quarterly loss (~₹2,329 Cr) in Q4 FY25. A committee of senior executives ran the bank on an interim basis (Apr–Aug 2025) before Rajiv Anand's appointment, made under close RBI oversight.
| Name | Tenure | Notable Period |
|---|---|---|
| Sumant Kathpalia | Mar 2020 – Apr 2025 | Guided the bank through COVID-19; resigned amid the derivatives-accounting discrepancy and RBI scrutiny (Apr 2025) |
| Romesh Sobti | Feb 2008 – Mar 2020 | Led IndusInd's transformation into a fast-growing private bank; oversaw the 2019 amalgamation with Bharat Financial Inclusion (microfinance) |
| Bhaskar Ghose | ~2001 – Feb 2008 | Earlier MD & CEO who steered the bank through its early consolidation phase |
NRI customers: nri@indusind.com · Premium banking: exclusive@indusind.com
From outside India: +91-22-44066666 · Phone banking/cards: 1800 266 0447
Retail Domestic Term Deposit rates below are fetched live from IndusInd Bank's official rates page where possible. If the live fetch is unavailable, the last published rates are shown instead.
| Metric | FY 2025-26 (Mar 2026) | FY 2024-25 (Mar 2025) | FY 2023-24 (Mar 2024) | FY 2022-23 (Mar 2023) |
|---|---|---|---|---|
| Net Profit (Full Year) | ~₹900 Cr | ₹2,575 Cr | ₹8,977 Cr | ₹7,443 Cr |
| Total Deposits | ₹3,99,931 Cr | ₹4,10,862 Cr | ₹3,84,586 Cr | ₹3,36,120 Cr |
| Total Advances | ₹3,15,871 Cr | ₹3,47,933 Cr | ₹3,43,298 Cr | ₹2,89,924 Cr |
| Gross NPA Ratio | 3.43% | 3.13% | 1.92% | ~1.98% |
| Net NPA Ratio | ~1.00% | 0.95% | 0.57% | ~0.59% |
| CRAR (Capital Adequacy) | 17.48% | 16.24% | 17.23% | 17.86% |