IndusInd Bank shares surge over 4% on Rajiv Anand’s appointment as MD & CEO

Shares of IndusInd Bank surged 4.10% to hit the day’s high of Rs 837 on BSE on Tuesday, after the bank’s Board of Directors approved the appointment of Rajiv Anand as Managing Director and Chief Executive Officer.

The appointment will be effective from August 25 for a term of three years, according to a statement issued by the bank.

Rajiv Anand brings with him over 35 years of experience in the banking and financial services industry. In his most recent role, he served as Deputy Managing Director at Axis Bank, where he played a key role in scaling both retail and corporate businesses. His professional background spans multiple domains, including capital markets, treasury, and asset management.


The bank described Anand’s track record as “exemplary,” citing his deep expertise and leadership in various banking functions. The Board noted that the appointment reflects IndusInd Bank’s commitment to “expeditiously identifying the MD & CEO with the right competencies and strong values.”

“On behalf of the Board, I congratulate Rajiv Anand on his appointment as the MD & CEO of the Bank. The Board looks forward to working closely with Rajiv and the management team to deliver strong and robust growth while prioritising the highest standards of governance,” said Sunil Mehta, the Chairman of the Board of Directors of IndusInd Bank.

“The Board would like to express its gratitude to the Reserve Bank of India for its invaluable support throughout the process. The Board, the Management team, and all employees look forward to welcoming Rajiv to the IndusInd family and growing this franchise to its full potential," he added.

Shares of IndusInd Bank closed 2.6% higher at Rs 803.90 on the BSE on Monday.

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