IndusInd Bank chairman Sunil Mehta steps down, Arijit Basu takes charge

MUMBAI: IndusInd Bank is turning a page at the top, as veteran leader Sunil Mehta wraps up his tenure as part-time chairman on 30 January 2026. The Board and management expressed heartfelt thanks for Mehta’s steady guidance, applauding his role in steering the bank through challenging times.

Stepping into the spotlight is Arijit Basu, appointed as part-time chairman from 31 January 2026 for a three-year term, pending shareholder approval. Basu brings a glittering résumé to the role, having previously served as managing director of State Bank of India and MD & CEO of SBI Life Insurance. He has also chaired HDB Financial Services and sits on the boards of Prudential Plc, CleanMax Enviro Energy Solutions, and several other firms.

Basu’s appointment follows approval from the Reserve Bank of India and recommendations from the bank’s Compensation and Nomination & Remuneration Committee. With a seasoned hand taking charge, IndusInd Bank signals continuity at the top, even as it prepares for its next phase under new leadership.