Charu Mathur announced she has resigned to pursue further opportunities. December 14 will be her last working day at the bank.
Charu Mathur, Head of Digital Banking and Strategy (Existing Business), IndusInd Bank
Another senior management personnel has announced resignation from IndusInd Bank, the bank has informed the bourses. The Head of Digital Banking and Strategy (Existing Business) Charu Mathur announced she has resigned to pursue further opportunities. December 14 will be her last working day at the bank.
It’s important to note several senior management executives have left the bank in 2025 amid disclosures in discrepancies linked to its derivatives portfolio following which a probe was also conducted by an external agency.
Addressing her resignation letter to Chief Human Resource Officer (CHRO) Zubin Mody, who has also resigned in July, Charu Mathur described her “12 year stint at the bank as fulfilling” and that she was “happy with the change she and her team was able to bring.”
‘After much consideration…’
Charu Mathur in her resignation said, “After much consideration, I have decided to move on from my role as Head - Digital Banking & Strategy at lnduslnd Bank. I request you to kindly treat this email as my formal resignation.
As I reflect on my stint here, I am proud of the impact my team and I have been able to deliver over last 12 years - from launching several new lines of consumer businesses from scratch in my role as Strategy Head to rolling out industry first digital platforms and applications that transformed customer experience and earned wide recognition. Driving change at such speed and scale has been immensely fulfilling and I am deeply grateful for the trust placed in me by the organization to lead these initiatives.
I will always look back on my time here with pride. I believe this is the right time for me to transition as I look forward to beginning an exciting new journey for myself.”
IndusInd Bank in its Q1, 2026 results announced the bank has been able to successfully scale its direct digital business platforms across multiple lines of businesses. The mobile banking app of the bank INDIE has shown strong growth in Q1, 2026, it said adding the digital platform for the MSME business has also registered strong traction.
IndusInd Bank: Senior management exits in 2025
IndusInd Bank has seen a spate of senior-level exits in 2025, with CEO Sumant Kathpalia, Deputy CEO Arun Khurana, CFO Gobind Jain, CHRO Zubin Mody, and Head of Internal Audit Jyoti Prasad Ratho stepping down. The departures come immediately following an independent investigation into misaccounting of derivatives, which uncovered major financial discrepancies at the bank. On March 10, 2024 the bank reported accounting discrepancies in its derivatives portfolio.
Empower your business. Get practical tips, market insights, and growth strategies delivered to your inbox
By continuing you agree to our Privacy Policy & Terms & Conditions