Rajiv Anand has taken charge as CEO and MD of IndusInd Bank, the troubled private lender informed the exchanges on August 25.
Rajiv Anand’s appointment was announced on August 5, when the bank in its filing said that the bank’s board has approved his designation as ‘Additional Director’ in the MD & CEO category, for a period of three years. The tenure will run until August 24, 2028.
Notably, IndusInd Bank took a $230 million hit in FY25 due to years of misaccounting of internal derivative trades, which prompted resignations of then CEO Sumant Kathpalia and deputy Arun Khurana in April 2025, according to a Reuters report.
An industry veteran, Rajiv Anand, was previously the deputy MD of Axis Bank.
(This is a breaking story, more updates coming…)
(With inputs from Reuters)
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