IndusInd Bank appoints new CHRO and CEO (BFIL) to drive strategic growth

IndusInd Bank has strengthened its leadership ranks with the appointment of a new Chief Human Resources Officer and a new Chief Executive Officer at Bharat Financial Inclusion Ltd, marking a significant step in its strategy to build scale and reinforce governance across key business lines.

The bank announced the appointments as part of a broader leadership refresh aimed at deepening expertise in priority functions and supporting long-term growth. The moves come at a time when India’s private-sector lenders are investing heavily in capability building, digital transformation and risk management. 

Amitabh Kumar Singh joins as Chief Human Resources Officer, bringing 28 years of experience across the ICICI Group. He will lead the bank’s human capital strategy with a mandate to strengthen succession planning, organisational effectiveness and leadership pipelines. Singh will also focus on digitising HR processes and fostering a culture centred on performance, inclusion and innovation. His career includes senior roles at ICICI Home Finance, ICICI Prudential Life Insurance and ICICI Bank.

Tapobrat Chaudhuri has been appointed Managing Director and CEO of Bharat Financial Inclusion Ltd (BFIL), the bank’s microfinance subsidiary. With more than 26 years in microfinance, retail and rural lending, Chaudhuri is expected to play a central role in improving asset quality, reducing delinquencies and enhancing synergies between IndusInd Bank and BFIL. 

IndusInd Bank has also named Balaji Narayanamurthy as Chief Data Officer. With more than 25 years across banking, analytics, data science and AI, he will oversee data strategy, advanced analytics and enterprise AI initiatives. His previous roles include heading enterprise AI at Axis Bank and leadership positions in the US credit-card industry at Barclays and Capital One.

In addition, Ganesh Sankaran joins as Head of the Wholesale Banking Group. A banking veteran with over three decades of experience, he will develop strategy and business across a wide range of segments, including corporate banking, institutional clients, SME and mid-market groups, new-age economy businesses and structured finance. Sankaran has previously held senior roles at Axis Bank, Federal Bank and HDFC Bank, and has served on the boards of Axis Capital, Equirus Capital and Fedbank Financial Services.

The appointments reflect IndusInd Bank’s efforts to reinforce operational depth and leadership capability as competition intensifies across retail, microfinance and corporate banking. Strengthened HR stewardship, sharper microfinance oversight and enhanced data and wholesale banking expertise are expected to support the bank’s ambition to drive sustainable, diversified growth.