India's IndusInd Bank Appoints Rajiv Anand as Managing Director and CEO for Three Years

Rajiv Anand took charge as Managing Director and Chief Executive Officer of IndusInd Bank on 25 August 2025, beginning a three-year term to 24 August 2028; the bank had announced the Reserve Bank of India's approval of his appointment on 4 August.

Anand succeeds Sumant Kathpalia, who resigned in April 2025 following a controversy centred on derivatives accounting discrepancies at the bank.

ANAND'S BACKGROUND

Prior to his appointment at IndusInd, Rajiv Anand served as Deputy Managing Director at Axis Bank, where he held responsibility for the wholesale banking business, having earlier headed retail banking.

The RBI's approval is required for the appointment of chief executives at Indian private sector banks.