IndusInd Bank shares rose over 3% in Tuesday’s trade after the private lender announced a major leadership change. The Board of Directors, with prior approval from the Reserve Bank of India (RBI), has appointed Rajiv Anand as the new Managing Director and CEO of the bank. His three-year tenure will officially begin on August 25, 2025, and continue through August 24, 2028, subject to shareholder approval.
Anand is currently the Deputy Managing Director at Axis Bank, where he has played a key role in driving wholesale banking and digital transformation. He brings with him over three decades of experience in leadership roles across global financial institutions and capital markets.
This leadership shift comes at a crucial time for IndusInd Bank, which recently faced a rough patch. The bank reported a $230 million loss in the financial year ended March 2025 due to misaccounting of internal derivative trades—an issue that led to the abrupt exit of former CEO Sumant Kathpalia and Deputy CEO Arun Khurana in April this year.
In its statement, the bank emphasized that Rajiv Anand is not barred from taking up the position by SEBI or any other regulatory authority. His appointment is seen as a move aimed at restoring investor confidence and reinforcing governance standards.
IndusInd Bank shares saw strong movement today, opening at ₹820 and climbing to a high of ₹833.95, before dipping slightly. The stock touched a low of ₹811.25 during the day, compared to its previous close of ₹804.05. The 52-week range for the stock stands between ₹606.00 and ₹1,498.00, showing significant past volatility.
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