Indbank Merchant Banking Services Limited at its board meeting held on July 18, 2025 announced resignation of Shri. Tausif Inamdar, as Chief Financial Officer of the Company with effect from the closure of the Office hours of July 18, 2025. The company announced appointment of Shri Balaji M.S as Chief Financial Officer of the Company with effect from July 19, 2025.
Shri Balaji is a graduate in Mechanical Engineering and holds a Masters degree in Business Administration with a specialization in Finance (MBA - Marketing & Finance). He began his banking career with Indian Bank in 2013. He was promoted to Assistant Manager in 2017, Manager in 2021, and subsequently to Senior Manager in 2024.
Prior to joining Indian Bank, he served in the Indian Air Force as 'Veteran Sergeant'. He has worked in various roles as Desk Officer, Credit Officer, Credit Risk Officer, Asst. Branch Manager, in Rural, Semi-Urban, Urban, Metro cities and also in Corporate Office (Estate, Premises & Expenditure Dept.) of Indian Bank.
