Wishing Mr. Rajiv Anand greater responsibilities and exciting challenges in this impressive new chapter!
Indusind Bank has announced the appointment of Rajiv Anand as its Managing Director and Chief Executive Officer. His three-year term will begin on 25 August 2025, following approval from the board.
Rajiv Anand, a Commerce graduate and Chartered Accountant, brings extensive experience in banking and financial services. He was most recently the Deputy Managing Director at Axis Bank, where he led the wholesale banking business and played a key role in driving the bank’s digital transformation. Over the years, he has held senior leadership roles across global financial institutions, capital markets and banking.
He began his journey at Axis Asset Management in 2009 as the founding Managing Director and CEO. Later, he became President of Retail Banking at Axis Bank before being inducted into its board as the head of wholesale banking.
With Rajiv Anand’s appointment, the Committee of Executives and the Oversight Committee of the board that had been managing the bank’s operations during the transition period have been dissolved.
Sunil Mehta, Chairman of the Board of Directors at Indusind Bank, welcomed the new leadership. He said, “On behalf of the Board, I welcome Rajiv Anand as the MD & CEO of the Bank. The board looks forward to working closely with Mr. Anand and the management team and taking it to new heights. The board also appreciates the efforts of the Oversight Committee and the Committee of Executives.”
“During this interim period, the bank has made robust progress ascertaining root causes of legacy issues and addressing control gaps. The board also made significant progress in assessing individual roles and responsibilities and fixing staff accountability. The bank is now embarking on a growth journey under the new leadership while prioritizing highest standards of governance and integrity.”
Indusind Bank offers a wide range of banking products and services for individuals and corporates, including microfinance, personal loans, vehicle finance, SME loans and credit cards.
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