IndusInd Bank Appoints Saurav Saha as Chief Risk Officer and Judy Heredia as Chief Credit Officer
IndusInd Bank appointed Saurav Saha as Chief Risk Officer and Judy Heredia as Chief Credit Officer, effective February 24, 2026. Both are designated Senior Management Personnel. Mr. Saha previously held senior risk roles at HDFC Bank and HSBC. Ms. Heredia has over three decades of experience at IndusInd Bank.
Changes in key management positions like Chief Risk Officer and Chief Credit Officer can have a significant impact on the bank's operations and strategic direction, hence a medium impact.
The announcement details routine changes in senior management, which is a standard corporate event and does not inherently suggest a positive or negative outlook for the bank.
IndusInd Bank Limited announced significant changes in its senior management personnel, effective February 24, 2026.
Mr. Saurav Saha has been appointed as the new Chief Risk Officer and Senior Management Personnel, succeeding Mr. Vivek Bajpeyi in this role. Mr. Saha brings extensive experience in risk management, having previously served as Head – Financial Risk Management at HDFC Bank, and earlier roles at HSBC Bangladesh, HSBC India, Saudi Awwal Bank, ABN AMRO Bank, and CRISIL. He holds a PGDM from IIM Lucknow and a B. Tech in Electronics & Communication Engineering.
Ms. Judy Heredia has been appointed as the Chief Credit Officer and Senior Management Personnel. Ms. Heredia is a Commerce graduate, a Certified Associate of the Indian Institute of Banking & Finance (CAIIB), and a Certified Financial Risk Manager (FRM). She has been associated with IndusInd Bank for over three decades, playing a key role in the Wholesale Banking Group's credit function, credit risk governance, and process efficiency.
Mr. Vivek Bajpeyi will continue as Senior Management Personnel until his superannuation on March 31, 2026. The Board of Directors approved these appointments during a meeting that commenced at 10:00 a.m. IST and concluded with the approval at 3:35 p.m. IST. The bank has also updated its website with this information.
What to do with a filing like this
IndusInd Bank Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by IndusInd Bank Limited. Read the original for the full detail.