Mumbai, Maharashtra, India, April 2025 — Santosh Kumar has been elevated to the position of Deputy Chief Financial Officer (CFO) at IndusInd Bank, where he will lead the finance and accounts division until a full-time CFO is appointed. With this appointment, he has also been designated as a Key Managerial Personnel by the bank.
Santosh brings over two decades of deep expertise in finance, accounting, taxation, and cost management. He has been an integral part of IndusInd Bank’s finance team, most recently serving as Chief Accountant, where he oversaw financial reporting, finalization of balance sheets and profit & loss accounts, RBI reporting, and taxation compliance. His elevation comes at a pivotal time as the bank seeks to bolster its financial oversight following recent accounting-related disclosures.
Prior to joining IndusInd Bank in 2024, Santosh was with ICICI Bank for 12 years, where he held the position of Head – Financial Accounting and Reporting. In this role, he managed the preparation and presentation of accurate financial statements, business P&L finalization for corporate banking segments, and profitability tracking at customer, unit, and geographic levels.
He also had a brief stint as Principal Consultant at PricewaterhouseCoopers (PwC), working on compliance and risk transformation projects for clients in the financial and manufacturing sectors. Earlier in his career, he worked as a Business Analyst with Larsen & Toubro Infotech, gaining experience in systems and process integration.
A qualified Chartered Accountant and Cost Accountant, Santosh Kumar also completed a Young Professional Program at the Indian Institute of Management, Calcutta, adding to his strategic finance credentials. His appointment signals IndusInd Bank’s commitment to financial transparency, operational rigor, and long-term stakeholder trust.
IndusInd Bank
IndusInd Bank, established in 1994, offers a broad range of banking products and services to both consumer and corporate clients. As of March 31, 2022, it operates through 2,265 branches and 2,767 ATMs across 776 locations in India, and has representative offices in London, Dubai, and Abu Dhabi. The bank is a technology-driven financial institution with clearing bank status across major exchanges including BSE, NSE, MCX, and NCDEX. It has been part of the NIFTY 50 benchmark index since April 1, 2013.
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