IndusInd Bank Appoints Amitabh Kumar Singh as New CHRO
IndusInd Bank, a private sector financial institution, announced the appointment of Amitabh Kumar Singh as its new Chief Human Resources Officer (CHRO), with the role taking effect from November 10. Additionally, Amitabh will be included in the bank's senior management team.
Prior to this role, Amitabh had an extensive career with the ICICI group, spanning 21 years. In his most recent position within the ICICI group, he served as the CHRO for ICICI Home Finance. Throughout his career, he dedicated eight years to ICICI Prudential Life Insurance and eleven years to ICICI Bank.
Singh holds a postgraduate degree in Human Resources from XISS in Ranchi. Before his tenure with ICICI, he had professional experience with several notable companies, including L&T, Atos Origin India, Tata Interactive Systems, and Mphasis.
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In July, Zubin Mody stepped down from his position as Chief Human Resources Officer (CHRO) after spending nearly 20 years with the financial institution.
Recently, the private bank has made strategic executive leadership appointments aimed at advancing its overall growth strategy across its banking operations.
The organizational changes involve selecting Viral Damania to serve as the chief financial officer (CFO), designating Pragati Gondhalekar to lead Internal Audit, and naming Pankaj Sharma as head of Business Transformation, along with several other key appointments.
These personnel changes are designed to enhance the bank's fundamental strengths and broaden its operational reach across different market segments.
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Additionally, Anand Vardhan has been named General Counsel, Pankaj Sharma continues in his role as Head of Business Transformation, and Sheran Mehra has been selected to take on the position of Chief Marketing Officer.
Previously, IIHL initially purchased a majority ownership of 51 percent in Sterling Bank during September 2022, and its total financial value stands at US$1.26 billion as of August 31, 2025. The company, headquartered in Mauritius, serves as the primary shareholder of IndusInd Bank, a prominent private banking institution in India that operates across an extensive network, reaching more than 42 million customers through approximately 6,100 service points, with its total business operations valued at over $86 billion.
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During the past few months, IIHL has pursued a deliberate strategy of corporate purchases to enhance its competitive standing within India's Banking, Financial Services, and Insurance (BFSI) sector. The company's acquisition strategy encompasses a complete takeover of Reliance Capital Ltd., including its primary subsidiary companies and affiliated entities.
Additionally, IIHL has secured a majority 60 percent ownership in Invesco Asset Management Company's Indian operations, which oversees an investment portfolio exceeding $14.5 billion, with all necessary regulatory approvals already obtained and the transaction anticipated to be finalized by the end of October 2025.