By Martin Shwenk Leade
Copyright indiatimes
IndusInd Bank on Monday appointed Viral Damania as Chief Financial Officer (CFO) and Key Managerial Personnel with effect from September 22, 2025.His appointment follows a series of top-level changes at the private lender. The disclosure led to the resignations of then-CEO Sumant Kathpalia and deputy chief Arun Khurana. Khurana, who was also holding additional responsibility as CFO, was relieved of those duties in April.Following this, Santosh Kumar will step down from his additional responsibilities as Special Officer–Finance & Accounts and from his categorization as Key Managerial Personnel. He will, however, continue to serve as Deputy CFO.IndusInd Bank’s shares were trading at Rs 734.60 apiece on the BSE, down 1.17% on Monday as of 3.00 PM.Live EventsAccording to the bank’s disclosure to the stock exchanges, Damania is a qualified Chartered Accountant, Company Secretary, and Cost & Works Accountant, and also holds an ISACA certification in Information Systems Audit and Control.He has more than 27 years of professional experience across banking and professional services. Most recently, he was CFO for Bank of America India, overseeing the bank branch entity and BofA Securities India Ltd. He was also part of the country leadership team and served as a non-executive director on the board of BofA Securities India Ltd. Prior to this, he worked with Citibank N.A. across India, Bangladesh, and Sri Lanka, and with Price Waterhouse Coopers.Late last month, the bank announced that veteran banker Rajiv Anand had taken charge as Chief Executive Officer for a three-year term. The leadership reshuffle comes in the backdrop of an accounting lapse that forced the lender to take a $230 million hit in its financial results for the year ended March 31, 2025.Add as a Reliable and Trusted News Source Add Now!
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onindusind bankIndusInd BankViral DamaniaChief Financial OfficerCFO appointmentSantosh Kumarbanking industrybank financial disclosuresISACA certificationIndusInd share price(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
