IndusInd Bank Appoints Jagdeep Mallareddy as Head - Consumer Banking
IndusInd Bank Ltd has appointed Mr. Jagdeep Mallareddy as the Head - Consumer Banking, designating him as Senior Management Personnel of the Bank. The appointment is effective from April 9, 2026.The details regarding the change in senior management personnel confirm the appointment of Mr. Jagdeep Mallareddy as Head - Consumer Banking of IndusInd Bank Limited, effective on April 9, 2026.
According to the provided details, the transition involves the appointment of Mr. Mallareddy. His profile shows extensive experience spanning over three decades in the financial services sector. His expertise covers areas including retail banking, lending, credit, operations, and risk management.
Prior to joining IndusInd Bank Limited, Mr. Mallareddy served as the Chief Business Officer at Piramal Finance Limited. His earlier career included senior leadership roles at Axis Bank Limited, where he was associated as Head - Retail Lending. His professional history also includes associations with ICICI Prudential Life Insurance Company Limited, HDFC Bank Limited, Kotak Mahindra Prime Limited, Cholamandalam Investment and Finance Company Limited, and Bajaj Auto Finance Limited. Academically, Mr. Mallareddy holds a Master of Business Administration from Andhra University and a Bachelor of Commerce (Honours) from Osmania University.
The appointment was noted as having the reason for change being an appointment.
The core details of the personnel change are summarized below:
| Particulars | Details |
|---|---|
| Reason for change | Appointment |
| Date of appointment | April 9, 2026 |
| Designation | Head - Consumer Banking, IndusInd Bank Limited |
| Previous Association | Piramal Finance Limited (as Chief Business Officer) |
INDUSINDBK Stock Price Movement
Shares of IndusInd Bank Limited today slipped by 2.69% to settle at ₹814.55. Trading saw a total volume of 2.53 million shares throughout the session.Source:
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