On Monday, IndusInd Bank officially announced that Rajiv Anand has been appointed as the new Chief Executive Officer (CEO) of the bank. His leadership role will last for three years, starting from August 25, 2025, and ending on August 24, 2028. This appointment still needs to be approved by the bank’s shareholders at an upcoming meeting.
Rajiv Anand Professional Experience
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Rajiv Anand is a Chartered Accountant and holds a commerce degree.
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He has worked in the banking and financial industry for a very long time over 35 years. During this time, he has handled many important roles and gained deep knowledge about how banks work.
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Most recently, he was the Deputy Managing Director at Axis Bank, where he led the Wholesale Banking division (dealing with large companies and institutions).
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He began his career in asset management as the first MD & CEO of Axis Asset Management in 2009.
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Later, he moved into retail banking, becoming President of Retail Banking at Axis Bank.
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Most recently, he was the Deputy Managing Director at Axis Bank, where he led the Wholesale Banking division (dealing with large companies and institutions).
- He has worked in many areas like stock markets, treasury, and asset management.
- Sunil Mehta, Chairman of the Board, said the Board is excited to work with Rajiv and hopes to achieve strong growth and good governance. He also thanked the Reserve Bank of India (RBI) for its support during the selection process.
IndusInd Bank has been looking for top leadership talent to strengthen its management. Anand’s name was already being considered for the CEO role after Axis Bank had announced he would step down from his post there on August 3, 2025, completing his third term. The bank praised his strong track record and leadership skills. The Board said that choosing him shows the bank’s commitment to finding the right person with strong values and skills to lead.
On Monday, before the announcement, IndusInd Bank’s shares had closed at Rs 803.90, which was a 2.6% increase.