IndusInd Bank Appoints Rajiv Anand As MD & CEO For Three Years 

IndusInd Bank Ltd. on Monday said its board has approved the appointment of Rajiv Anand as managing director and chief executive officer for a three-year term.

Anand previously served as deputy managing director at Axis Bank Ltd., where he led the wholesale banking business and drove the bank’s digital strategy. He has also held senior leadership roles in global financial institutions across capital markets and banking, the bank said in a stock exchange filing.

Until Anand takes charge, IndusInd Bank continues to operate under a ‘committee of executives’ comprising Soumitra Sen, head of consumer banking, and Anil Raj, chief administrative officer.

The appointment comes after a wave of top-level exits at the bank, including CEO Sumant Kathpalia and deputy CEO Arun Khurana.

The leadership churn followed discrepancies reported in the lender’s derivatives accounting and microfinance loan book in 2024–25,
with the bank later saying the irregularities were linked to fraud.