Shares of IndusInd Bank surged nearly 4% during Friday’s session after CNBC-TV18 reported that Rajiv Anand of Axis Bank has emerged as a strong contender for the CEO position at IndusInd Bank. The stock climbed 3.69% to trade at Rs 866.95 as of 11:51 AM, marking a gain of Rs 30.85 from the previous close of Rs 836.10.
According to CNBC-TV18, IndusInd Bank’s board is considering multiple candidates for the top role, including Rajiv Anand, who is currently serving as Deputy Managing Director at Axis Bank and is set to retire in August. Other names reportedly under consideration include Rahul Shukla of HDFC Bank and Anup Saha of Bajaj Finance.
The Reserve Bank of India has asked IndusInd Bank to submit its final list of CEO candidates by June 30, 2025. The bank’s board has discussed names unofficially with the RBI but is yet to submit an official list.
In Friday’s trade, IndusInd Bank touched an intraday high of Rs 866.55 and a low of Rs 831.50. The company’s current market capitalization stands at Rs 67,255 crore, with a P/E ratio of 26.22 and an average daily trading volume of 8.57 million shares.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
