IndusInd Bank Limited announced that Rajiv Anand has officially assumed charge as the Managing Director and Chief Executive Officer (MD & CEO) of the bank, effective August 25, 2025. His appointment, approved earlier by the Board of Directors, is for a period of three years.
The Board, management team, and employees extended a warm welcome to Mr. Anand, marking the beginning of a new phase of leadership at IndusInd Bank.
In line with this development, the bank confirmed that the Committee of Executives and the Oversight Committee of the Board, which were constituted to oversee operations during the interim period, stand dissolved with immediate effect. These committees had been established to ensure smooth governance and operational stability until the appointment of a new MD & CEO.
Commenting on the leadership change, Sunil Mehta, 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 him and the management team in taking the Bank to new heights. We also appreciate the efforts of the Oversight Committee and the Committee of Executives. During this interim period, the Bank has made robust progress by ascertaining root causes of legacy issues and addressing control gaps. Significant progress has also been made in assessing individual roles and responsibilities and fixing staff accountability. The Bank is now embarking on a growth journey under the new leadership while prioritizing the highest standards of governance and integrity.”
Rajiv Anand’s appointment comes at a crucial time for the bank, as it focuses on strengthening its governance framework and accelerating growth. With his extensive experience in the banking and financial services sector, industry watchers expect the new MD & CEO to drive the bank’s next phase of transformation and business expansion.
On the stock market front, shares of IndusInd Bank closed at Rs 772 on August 25, 2025, marking a gain of 1.77% compared to the previous session. The positive investor sentiment reflects optimism surrounding the leadership transition and the bank’s commitment to stronger governance and future growth.
The induction of Rajiv Anand as MD & CEO signals a fresh chapter for IndusInd Bank, with a renewed focus on accountability, stability, and sustainable business growth.
