IndusInd Bank Limited announced that Mr. Ramaswamy Meyyappan, the Chief Risk Officer of the Bank, has tendered his resignation. The Bank has identified a new Chief Risk Officer and is in the process of completing the necessary formalities. Mr. Meyyappan has been with the Bank since May 20, 2014.

Mr. Meyyappan has informed that he will be moving on to lead Risk function at a MNC Bank in his next phase of career. The company also announced that Mr. Murlidhar Lakhara has been assigned the role of head of the newly formed Assurance Function reporting to the MD & CEO of the Bank, after the stint of more than five years as Chief Compliance Officer of the Bank. Mr. Sachin Patange has been appointed as Chief Compliance Officer.

Mr. Patange comes with over 32 years of experience in the Compliance function across various Banks/Financial Institutions.