Mumbai, India, September 2025 – Pragati Gondhalekar has been appointed as Head of Internal Audit and Senior Management Personnel at IndusInd Bank, marking a significant leadership addition to the bank’s governance and risk framework. With nearly two decades of experience in internal audit, governance, and financial control, Pragati brings deep cross-border expertise across leading financial institutions in India and abroad.
Prior to this appointment, Pragati spent over six years at Deutsche Bank, where she most recently served as Country Head Group Audit – India. In earlier roles within the firm, she oversaw audit functions across India, the Philippines, and Sri Lanka, playing a critical role in enhancing governance structures and aligning audit functions with global compliance mandates. Her leadership was instrumental in reinforcing risk management and internal control systems across business verticals and geographies.
Before Deutsche Bank, Pragati worked with L&T Financial Services, where she held multiple senior audit leadership positions. As Group Head of Internal Audit, she led the audit function across business segments including wholesale finance, investment management, general insurance, and treasury operations. Her strategic focus on risk assurance and control helped strengthen the audit posture of the organization during a key growth phase.
Her international experience includes a nearly seven-year tenure with PwC across Toronto and Mumbai, where she served as Manager, and gained exposure to international audit practices, global reporting standards, and cross-border engagements. Pragati began her audit career at the Ontario Ministry of Finance in Toronto, where she worked on public sector financial oversight and regulatory compliance.
With a career spanning IndusInd Bank, Deutsche Bank, L&T Finance, PwC, and the Ontario Ministry of Finance, Pragati is widely regarded for her depth in internal audit, enterprise risk, and governance. Her appointment is expected to further strengthen IndusInd Bank’s risk and compliance framework as it continues its digital transformation and growth agenda.
About IndusInd Bank
Established in 1994, IndusInd Bank serves both retail and corporate customers across India with a robust technology-enabled platform and multi-channel delivery model. As of March 31, 2022, the bank operates 2,265 branches/banking outlets and 2,767 ATMs across 776 locations in India, along with international offices in London, Dubai, and Abu Dhabi. IndusInd Bank holds clearing bank status for major Indian stock and commodity exchanges and has been part of the NIFTY 50 index since April 1, 2013. It is widely recognized for its focus on innovation, financial inclusion, and digital banking capabilities.
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