IndusInd Bank has appointed Rajiv Anand as its new managing director and chief executive officer after receiving all necessary approvals from the board and the Reserve Bank of India. The leadership transition follows a period of heightened regulatory scrutiny, during which the bank had constituted interim committees to oversee daily operations and strengthen internal controls. These committees have now been dissolved after Anand’s formal appointment.
Anand, a Chartered Accountant with deep experience across retail and wholesale banking, capital markets, and digital transformation, is regarded as one of the industry’s most seasoned leaders. Before joining IndusInd Bank, he served as deputy managing director at Axis Bank, where he headed the wholesale banking business and played a key role in advancing the bank’s digital strategy. His earlier roles include being the founding MD and CEO of Axis Asset Management Company and later overseeing both retail and wholesale banking at Axis Bank.
The board, led by Chairman Sunil Mehta, has expressed strong confidence in Anand’s ability to guide the bank through its next phase. The lender has recently strengthened governance protocols to address operational lapses and legacy accounting issues identified during the interim period. These steps include tighter oversight mechanisms, enhanced staff accountability, and corrective measures aimed at restoring transparency and reinforcing stakeholder trust.
Also Read:- Asirvad Microfinance Appoints Dr Roy Varghese as CEO, Janardanan as COO
IndusInd Bank continues to operate across a broad mix of loan products, including microfinance, personal and commercial vehicle loans, SME credit, and credit cards, serving a diverse retail and business customer base. With Anand at the helm, the bank is expected to sharpen its strategic focus and leverage its core strengths to drive sustainable growth in a competitive financial landscape.
Analysts believe the leadership change comes at a pivotal moment for the bank, marking the beginning of a renewed push toward governance discipline, operational rigor, and long-term stability.
Stay connected with FinanceNeoteric on WhatsApp Channel for expert coverage and in-depth financial stories.
Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
