Rajiv Anand officially assumed charge as Managing Director (MD) and Chief Executive Officer (CEO) of IndusInd Bank on August 25, 2025, for a three-year term ending August 24, 2028, marking the beginning of a new leadership phase for the bank’s operations and strategic direction.
Anand’s appointment, finalised earlier this month, arrives at a pivotal moment for IndusInd Bank, which recently reported a $230 million loss due to years of misreported internal derivative transactions. This disclosure had prompted the departures of former CEO Sumant Kathpalia and Deputy Managing Director Arun Khurana in April.
Rajiv Anand began his career at Axis Bank as the founding Managing Director and CEO of Axis Asset Management Company in 2009. He steadily progressed through key leadership positions, gaining extensive experience in India’s banking sector
Anand later led Axis Bank’s retail banking as President in 2013, joined the Axis Bank board to oversee wholesale banking operations, and most recently served as Deputy Managing Director, completing three board terms before stepping down in August 2025.
With Anand taking over, Induslnd Bank Chairman Sunil Mehta expressed optimism, welcoming his appointment. He highlighted the bank’s progress in addressing legacy issues, controling gaps and establishing accountability during the transition period.
Although the announcement came after market hours, IndusInd Bank’s stock had risen 1.59% earlier in the day on Monday, August 25, to close at ₹772.
Armed with a commerce degree and Chartered Accountancy qualification, Rajiv Anand brings over three decades of experience across asset management, retail and corporate banking, positioning him to lead IndusInd Bank’s growth.
