IndusInd Bank shares will be in focus today after the lender’s board, with the approval of the Reserve Bank of India (RBI), appointed Mr. Rajiv Anand as the new Managing Director & CEO of the bank. His appointment is for a three-year term starting August 25, 2025, and will be subject to shareholder approval.
The decision was taken at the bank’s board meeting held on Monday evening, which commenced at 9:36 p.m. and concluded at 9:58 p.m. Mr. Anand will also be designated as an Additional Director and Key Managerial Personnel under the Companies Act and SEBI Listing Regulations.
Rajiv Anand succeeds the current leadership as the bank charts its next phase of strategic growth.
Who is Rajiv Anand?
Mr. Rajiv Anand brings with him extensive leadership experience in banking and capital markets. He was Deputy Managing Director at Axis Bank, where he led the Wholesale Banking vertical and spearheaded the bank’s digital strategy.
A qualified Chartered Accountant with a degree in Commerce, Mr. Anand has held key roles across global financial institutions. Notably, he served as the founding MD & CEO of Axis Asset Management, later moving to Axis Bank as President of Retail Banking, before being inducted into the bank’s board and taking charge of Wholesale Banking.
No regulatory bar
In line with SEBI regulations, the bank confirmed that Mr. Anand is not debarred from holding the office of Director by any regulatory authority.
The appointment has also been communicated to the National Stock Exchange (NSE), BSE, and Luxembourg Stock Exchange, where the bank’s securities are listed.
Disclaimer: This article is based on official stock exchange filings and is for informational purposes only. It does not constitute investment advice.
