IndusInd Bank has elevated Santosh Kumar to the role of Deputy Chief Financial Officer, in a calculated move aimed at reinforcing its financial leadership. In this capacity, he will take charge of the finance and accounts division, as the bank continues its search for a full-time CFO. His elevation to Deputy CFO also includes a Key Managerial Personnel (KMP) designation, highlighting the strategic importance of his new responsibilities.
With more than 20 years of experience ranging financial strategy, accounting, taxation, and cost control, Santosh brings deep institutional knowledge to the role. Having joined as Chief Accountant at IndusInd Bank just a year ago, he is anticipated to play a key role in shaping the bankโs financial and compliance framework.
Santosh joined IndusInd Bank with responsibilities for the overall financial reporting, closing of P&L and Balance sheet as per Indian GAAP, and RBI taxation compliance reporting. While collaborating with internal stakeholders for annual budget and business plans, along with actual performance analysis aligned with the budget.
Having started a professional journey as a Business Analyst, there was no looking back for him. Prior to joining IndusInd Bank, Santosh was associated with ICICI Bank as Head of Financial Accounting and Reporting. There, he led several critical initiatives, and effective financial reporting and profitability tracking, which are crucial for sound financial management within any banking institution.
Earlier in his career, he worked at PricewaterhouseCoopers, where he led consulting assignments in the financial and manufacturing sectors, focusing on process transformation and business process reengineering to drive operational efficiency and growth.
Holding a degree in Accounting and Finance from the reputed Institute of Chartered Accountants of India, Santosh is a qualified Chartered Accountant. He also pursued a 6-month Young Professional Program from the Indian Institute of Management, Calcutta, and has credentials as a Cost Accountant, as completed ICWA from The Institute of Cost Accountants of India.
His appointment signals the bankโs commitment to strengthening leadership across key verticals, in its move to enable trust and ensure compliance with financial standards. An experienced professional like Santosh is anticipated to play a pivotal role in the foundation of a more resilient financial system.
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