IndusInd Bank Treasury Head Siddharth Banerjee to Step Down Amid Leadership Changes

IndusInd Bank's treasury head, Siddharth Banerjee, who has led the global markets group since 2020, is set to step down in April, according to multiple sources. This departure is part of broader senior leadership changes following the bank's largest-ever quarterly loss in March 2025, linked to governance and accounting issues. Recent exits include former CEO Sumant Kathpalia, Deputy CEO Arun Khurana, and Chairman Sunil Mehta. The bank is continuing recruitment as it restructures its management.