IndusInd Bank’s Digital Banking Head Resigns; Exit Adds to Senior-Level Churn

IndusInd Bank Ltd. said its Head of Digital Banking and Strategy, Charu Sachdeva Mathur, has resigned to pursue opportunities outside the bank. Mathur, who has been with the lender for over 12 years, will step down on December 14.

Her exit follows several senior-level departures since April, including CEO Sumant Kathpalia, Deputy CEO Arun Khurana, and CHRO Zubin Mody.

The churn comes after the bank reported discrepancies in its derivatives accounting and microfinance loan portfolio for 2024-25  which it attributed to fraud committed against the bank.