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. Sumant Kathpalia, managing director & chief executive officer (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." IndusInd Bank caters to both consumer and corporate customers. As of 31 December 2022, the bank's distribution network included 2,384 branches/ banking outlets and 2,894 onsite and offsite ATMs. The client base stood at 33 million as on 31 December 2022. The bank's standalone net profit surged 68.71% to Rs 1,959.20 crore on 19.96% rise in total income to Rs 11,533.74 crore in Q3 FY23 over Q3 FY22.

The scrip was up 0.33% to Rs 1,013.50 on the BSE.