Arijit Basu Appointed as Part-time Chairman of IndusInd Bank
In January 2026, Arijit Basu was appointed as Additional Director (Non-Executive Independent Director) and Part-time Chairman of IndusInd Bank for a three-years term, effect from 31 January 2026.
In January 2026, Arijit Basu was appointed as Additional Director (Non-Executive Independent Director) and Part-time Chairman of IndusInd Bank for a three-years term, effect from 31 January 2026.
- He succeeds Sunil Mehta, who will step down as Part‑time Chairman and Director on 30 January 2026.
About Arijit Basu:
Profile: He is a veteran Indian banker with decades of experience in the financial services sector.
Previous role: He served as Chairman of HDB Financial Services Ltd, a non‑banking financial subsidiary of HDFC Bank, before resigning to assume his new position at IndusInd Bank.
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- He retired as a Board Member and Managing Director(MD) of State Bank of India(SBI) and also served as the MD & CEO of SBI Life Insurance Company Limited.
Current role: He currently serves as an Independent Director(ID) on the boards of Prudential Plc, Peerless Hospitex, Hospital Research Centre Ltd, and CleanMax Enviro Energy Solutions Ltd.
- He is also a senior advisor to Ares Management Corporation, and a member of the advisory board of Razorpay Inc.
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