IndusInd Bank appoints Rajiv Anand as MD & CEO for 3 years 

Mumbai, August 25, 2025 – IndusInd Bank (NSE: INDUSINDBK, BSE: 532187) confirms Rajiv Anand’s assumption of charge as Managing Director and CEO for a three‑year term; the interim “Committee of Executives” and Board “Oversight Committee” stand dissolved with immediate effect.

IndusInd Bank announced that Rajiv Anand (DIN: 02541753) has taken charge as Managing Director and CEO effective today, August 25, 2025, for a tenure of three years ending August 24, 2028, subject to shareholder approval. The appointment follows earlier RBI approval and Board action communicated on August 4, 2025. With the MD & CEO assuming charge, the temporary Committee of Executives and the Oversight Committee of the Board have been dissolved effective immediately.

Key Leadership Change

The Bank had constituted a two‑member Committee of Executives on April 30, 2025, with RBI’s approval dated April 29, 2025, and later extended it by one month from July 29, 2025, to ensure continuity until the new MD & CEO assumed office. That interim arrangement has now ceased.

Before vs After

• Until August 25, 2025, leadership responsibilities were handled by a Committee of Executives, which included Soumitra Sen (Head – Consumer Banking) and Anil Rao (Chief Administrative Officer), functioning under the Oversight Committee of the Board.
• Effective August 25, 2025, Rajiv Anand formally took charge as the Managing Director & CEO.
• Previously, the Reserve Bank of India had extended the interim arrangement from July 29, 2025, for one month or until a new MD & CEO assumed charge.
• With Rajiv Anand stepping in, the interim executive committee and the Oversight Committee were dissolved immediately.

Appointment terms

The company has appointed Rajiv Anand (DIN: 02541753) as its new Managing Director and Chief Executive Officer (MD & CEO), also designating him as a Key Managerial Personnel. His appointment took effect from August 25, 2025, for a period of three years, up to August 24, 2028, subject to shareholder approval.

Rajiv Anand brings with him a wealth of leadership experience in the banking and financial services industry. He previously served as the Deputy Managing Director at Axis Bank, where he played a key role in driving Wholesale Banking operations and the bank’s digital transformation agenda. Over the years, he has also held several senior roles, including Managing Director & CEO of Axis Asset Management Company, President of Retail Banking, and later served as a Board member leading Wholesale Banking at Axis Bank.

A Commerce graduate and Chartered Accountant, Rajiv Anand combines deep financial expertise with decades of executive experience in managing large-scale banking operations. The company has confirmed that he is not debarred from holding office by SEBI or any other regulatory authority, making him fully eligible for the role.

REF:https://nsearchives.nseindia.com/corporate/INDUSINDBK3_25082025152510_SEAppointmentOfMDCEO25082025.pdf

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