IndusInd Bank, a prominent private sector lender in India, has announced the appointment of Ganesh Sankaran and Jagdeep Mallareddy as whole-time directors for a period of three years, pending approval from the Reserve Bank of India (RBI). Both directors were previously designated as executive directors. This move comes in light of the bank's need to comply with RBI regulations, which mandate that private banks maintain at least two whole-time directors on their boards. The bank is also welcoming Nilesh Shivji Vikamsey and Ravindra Babu Garikipati as non-executive independent directors for four years, subject to shareholder approval. Vikamsey brings over 40 years of experience in audit and consulting, while Garikipati has extensive experience in technology-led businesses. These appointments follow the departure of former MD & CEO Sumant Kathpalia and deputy CEO Arun Khurana, who resigned after the bank reported a ₹2,000 crore loss linked to an accounting error. The bank's current board has nine members, including non-executive chairman Arijit Basu, who assumed his role in January 2026.