World · India Bureau
Canara HSBC Life Insurance names Indu Swaroop as new CFO
Indu Swaroop will assume the role of Chief Financial Officer at Canara HSBC Life Insurance from November 25, 2026, succeeding Tarun Rustagi who is stepping down from the position.
LSN India ·
Canara HSBC Life Insurance has announced the appointment of Indu Swaroop as Chief Financial Officer, effective November 25, 2026. Swaroop will take over the financial helm from Tarun Rustagi, whose tenure in the role concludes on November 24, 2026.
The transition marks a key leadership development for the joint venture between Canara Bank and HSBC Holdings, which operates in India's life insurance segment. The company has not disclosed additional details regarding Swaroop's background or career trajectory at this time.
Rustagi's departure comes as part of the company's management restructuring. The change in CFO leadership underscores the organization's ongoing efforts to strengthen its financial and operational frameworks as it navigates the competitive insurance market in India.
The appointment is subject to regulatory approval from the Insurance Regulatory and Development Authority of India, as required under insurance industry norms.