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Rajiv Anand Steps Up as CEO of IndusInd Bank Amid Resurgence | Sports-Games
KONKAN DIVISION, MAHARASHTRA, AUG 4 – Rajiv Anand’s appointment ends a four-month vacancy following a ₹1,960 crore accounting scandal, with his three-year term starting August 25, 2025, pending shareholder approval.
- IndusInd Bank appointed Rajiv Anand as Managing Director and CEO for three years, effective August 25, 2025.
- Anand succeeds Sumant Kathpalia, who resigned after the bank reported ₹1,960 crore in accounting lapses in the derivative portfolio.
- In 2023, the Reserve Bank of India identified irregularities and, in March 2024, prohibited banks from engaging in internal derivative transactions, leading to an internal investigation.
- Sunil Mehta, Chairman of IndusInd Bank, congratulated Anand and stated the board looks forward to strong growth with high governance standards.
- Following Anand's appointment announcement on August 4, 2025, IndusInd Bank shares rose 2.3% on August 5, reflecting improved investor confidence.
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IndusInd Bank shares up after RBI approves Rajiv Anand as new MD and CEO
New Delhi: Shares of private lender IndusInd Bank went up on Tuesday, after the Reserve Bank of India (RBI) approved the appointment of Rajiv Anand as its new managing director and CEO. The private lender had suffered a dent in investor confidence after the recent Rs 2,000 crore accounting lapse. The three-year appointment of Anand will run until August 24, 2028, pending shareholder approval at the bank’s upcoming general meeting. “The Board of …
IndusInd Bank Share will be in focus on Tuesday. Actually, this crisis-ridden bank was functioning without a full-time CEO for about four months and now the bank has got a new CEO in the form of Rajiv Anand.
Rajiv Anand Steps Up as CEO of IndusInd Bank Amid Resurgence | Sports-Games
Rajiv Anand Steps Up as CEO of IndusInd Bank Amid Resurgence IndusInd Bank has officially appointed Rajiv Anand as its Chief Executive Officer for a term lasting three years, starting August 25. This crucial decision comes after the bank faced a $230 million financial setback due to misaccounting of internal derivative trades.Anand, who currently serves as the deputy managing director at Axis Bank, was among three candidates shortlisted by Indus…
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