New Delhi, Aug 5 (UNI) IndusInd Bank appointed Rajiv Anand as the CEO and MD for the period of three years, as per the regulatory filing submitted by the Bank. The appointment is effective from August 25, 2025, to August 24, 2028.
The bank said in an regulatory exchange filing, “We hereby inform that the Board of Directors, based on approval of Reserve Bank of India, have a their meeting held today, August 4, 2025, approved the appointment of Mr. Rajiv Anand as the ‘Additional Director’ in the category of Managing Director & CEO and Key Managerial Personnel of the Bank for three years.”
Anand is a veteran banker with previous experience at ANZ Grindlays, Standard Chartered Bank, IDFC, and Axis Bank. He entered Axis Bank in 2013 as a President, Retail Banking, and with the help of simultaneous promotions, rose to the post of Deputy Managing Director and retired on Aug 3, 2025.
The post of CEO has been vacant since Sumant Kathpalia resigned, taking moral responsibility for the derivatives scandal. After Kathpalia’s departure, the administration was managed by the committee of Senior executives.
Ahead of the new post, Anand needs to face challenges, including the restoration of the Bank’s credibility and investor trust. He also needs to work on internal controls and address regulatory scrutiny to prevent future issues.
