Rajiv Anand IndusInd Bank : In a major leadership update, IndusInd Bank has appointed Rajiv Anand as its new Managing Director and CEO for a three-year term starting August 25, 2025. This comes after the Reserve Bank of India (RBI) gave its approval for the appointment.
Rajiv Anand’s entry into the top position is happening at a time when the bank is trying to recover from a ₹1,960 crore misaccounting crisis. The issue had created quite a stir earlier this year, raising questions about the bank’s internal control systems. This misaccounting eventually led to the resignation of the former MD & CEO, Sumant Kathpalia, and Deputy CEO Arun Khurana.
Who is Rajiv Anand?
Rajiv Anand is not new to the banking world. He spent several years at Axis Bank, most recently as Deputy Managing Director, before stepping down on August 3. He started his journey in the financial sector with Axis Asset Management Company, where he was the founding MD & CEO. Later, he handled several senior roles at Axis Bank, including the position of President of Retail Banking.
Anand was one of the three final candidates considered for the MD & CEO position at IndusInd Bank, along with Rahul Shukla and Anup Saha.
Bank’s Performance Shows Signs of Recovery
Interestingly, just before Anand’s appointment, the bank posted a net profit of ₹604 crore for Q1FY26, a relief after its record loss of ₹2,328 crore in the previous quarter. The Net Interest Margin (NIM), however, has come down to 3.46% from 4.25% a year earlier.
With Anand now officially at the helm, all eyes will be on how he leads the bank through this recovery phase and restores trust in the institution.
Disclaimer:
This article is for informational purposes only. It does not constitute financial advice or a recommendation to invest in any stock, bank, or company. Readers are advised to do their own research or consult a financial advisor before making any investment decisions.