IndusInd Bank Ltd approves appointment of Rajiv Anand as MD and CEO

The Board of Directors of IndusInd Bank Limited had approved the appointment of Rajiv Anand as the Managing Director and Chief Executive Officer of the Bank effective from August 25, 2025 for three years.

We are delighted to inform that Mr. Rajiv Anand has assumed charge as Managing Director & CEO of IndusInd Bank Limited effective today. The Board, the Management team and all employees welcome Mr. Anand to the IndusInd family.

The Board had constituted the Committee of Executives to oversee the operations of the Bank, under the oversight and guidance of the Oversight Committee of the Board. With the assumption of charge by MD&CEO effective today, the 'Committee of Executives' and 'Oversight Committee of the Board' thus stands dissolved.

Commenting on this development, Mr. Sunil Mehta, the Chairman of the Board of Directors, IndusInd Bank said: "On behalf of the Board, I welcome Mr. Rajiv Anand as the MD & CEO of the Bank. The Board looks forward to working closely with Mr. Anand and the management team and taking it to new heights. The Board also appreciates the efforts of the Oversight Committee and the Committee of Executives. During this interim period, the Bank has made robust progress ascertaining root causes of legacy issues and addressing control gaps. The Board also made significant progress in assessing individual roles and responsibilities and fixing staff accountability. The Bank is now embarking on growth journey under the new leadership while prioritizing highest standards of governance and integrity."

Shares of IndusInd Bank Limited was last trading in BSE at Rs. 759.95 as compared to the previous close of Rs. 767.55. The total number of shares traded during the day was 85827 in over 5611 trades.

The stock hit an intraday high of Rs. 772.70 and intraday low of 759.00. The net turnover during the day was Rs. 65734230.00.

Source : Equity Bulls

Keywords

IndusIndBank INE095A01012 Appointment MD CEO