IndusInd Bank has a new part-time chairman: Arijit Basu, previously Managing Director at State Bank of India. The appointment, approved by shareholders, fills the vacancy left by Sunil Mehta, who will step down on January 30. The bank acknowledged Mehta’s contributions.
Basu brings a wealth of experience to the role. Before joining IndusInd, he chaired HDB Financial Services. His career also includes leadership positions at State Bank of India and SBI Life Insurance.
This move signals a period of transition for IndusInd. With Basu’s extensive background in the financial sector, the bank is positioning itself for continued growth and stability. His experience at SBI, in particular, could prove valuable as IndusInd navigates the evolving landscape of the Indian banking industry.
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