Gunjan Kedia has been appointed as the next CEO of US Bancorp, becoming the first Indian American to lead the company. This announcement marks a significant moment in the banking sector, with Kedia taking charge of one of the largest financial institutions in the United States.

U.S. Bancorp announced on Tuesday that President Gunjan Kedia will become its chief executive, effective April 15, becoming the first woman in the bank's history to take up the role. Kedia joins only a handful of female CEOs in the finance sector,

Kedia, also elected to the Minneapolis-based company’s board, will become CEO on April 15, at the conclusion of U.S. Bancorp’s annual shareholders meeting, according to a statement.