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( 23 Mar 2020)
IndusInd Bank - Announcement under Regulation 30 (LODR)-Change in Directorate

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Bank had on February 27, 2020, informed the Stock Exchanges of having received approval of RBI under Section 35B of the Banking Regulation Act, 1949 for the appointment of Mr. Sumant Kathpalia as Managing Director & CEO with effect from March 24, 2020, for a period of
three years.

The Board of Directors have today noted that Mr. Romesh Sobti's tenure as 'Managing Director & CEO' of the Bank, would conclude as at the close of today, and that Mr. Sumant Kathpalia (DIN 01054434) would take charge from tomorrow as 'Additional Director', designated as
'Managing Director & CEO' of the Bank for a period of three years, with effect from March 24, 2020.

A copy of this letter is being hosted on the Bank's website at www.indusind.com