IndusInd Bank announces appointment of Vikas Muttoo as ‘COO & Head Member Services’ of its 100% subsidiary ‘Bharat Financial Inclusion Ltd.’ (BFIL)

Bangalore, March 24, 2023: IndusInd Bank today announced the appointment of Vikas Muttoo as ‘COO and Head Member Services’, of its 100% subsidiary Bharat Financial Inclusion Ltd. (BFIL).

Vikas is a veteran banker with over 27 years of experience across the banking & financial spectrum including Microfinance, Retail banking, Consumer Finance and P&L management. He has been previously associated with ANZ Grindlays, Standard Chartered, ABN Amro, RBS, including a very successful stint with BFIL, as its Chief Business Officer. His most recent stint has been with RBL Bank, where he was the MD & CEO of its Microfinance Business.

Commenting on the appointment, Mr. Sumant Kathpalia, Managing Director & CEO, IndusInd Bank, said, “We are extremely pleased to have Vikas join back into the fold and we believe his inclusion will bring further strength to the BFIL team. His proven prior experience across the banking and financial space especially microfinance will be a driving force and a great value addition to the business of BFIL. We welcome him to the BFIL team and wish him success.”