IndusInd Bank Chief Compliance Officer Sachin Patange has stepped down, with his last working day set for April 29, 2026, the bank said in an exchange filing on Friday.
“Sachin Patange will cease to hold the position of Chief Compliance Officer and Senior Management Personnel of the Bank with effect from the close of business hours on April 29, 2026, consequent upon his tenure nearing completion,” the lender said.
Patange, who joined the bank in April 2023, was responsible for overseeing compliance with Reserve Bank of India regulations, including Risk Based Supervision (RBS) observations and audit compliances.
Also read: IndusInd Bank Q4 Results: Profit, NII top estimates; asset quality improves
The bank has appointed Sunil Kumar Singh as the new Chief Compliance Officer, effective April 30, 2026, for a tenure of three years. He will be designated as a Senior Management Personnel of the bank.
Singh brings over 28 years of banking experience. Before joining IndusInd Bank, he was associated with Mizuho Bank for over a decade, where he served as Chief Compliance Officer for India. He subsequently held the role of Managing Director-II, heading Governance, Risk and Compliance (GRC) for the bank’s India franchise.
He has also worked with Bank of America, ICICI Bank and State Bank of India, with experience spanning compliance, credit risk, enterprise risk, corporate and transaction banking, trade finance, international banking and operations. He holds an MBA in Finance and is a CAIIB-certified professional.
Separately, IndusInd Bank has strengthened its board with multiple appointments. Ganesh Sankaran, Head – Wholesale Banking, and Jagdeep Mallareddy, Head – Consumer Banking, have been appointed as Additional Directors in the category of Executive Directors.
The bank has also appointed Nilesh Shivji Vikamsey and Ravindra Babu Garikipati, former Flipkart CTO, as Additional Directors in the category of Non-Executive Independent Directors for a period of four consecutive years.
Vikamsey, a chartered accountant, is a past president of the Institute of Chartered Accountants of India and currently serves as Chairman of Nippon Life India Trustee Ltd. He has also previously served as Chairman of Federal Bank.
Shares of the bank ended 1.20% lower at ₹850 ahead of the earnings announcement on Friday.