Rajiv Anand, CEO of Indusind Bank
In a late Night exchange application on Monday, Indusind Bank said that Rajiv Anand, ex -adjunct MD at Axis Bank, has received the green signal from the Reserve Bank of India (RBI) to be appointed chief of the bank for a period of three years. line Was the first to report on 1 May that Anand is the leader for the top track at the bank.
His appointment has brought comforts and other stakeholders to Indusind Bank comfort, who was seriously affected – both financially and reputation wise – by the fraud in the bank’s derivatives portfolio and accounting errors in the microlling book of the creditor. The share price rose more than 5.6 percent in Intra-Day transactions on news about the appointment.
The chairman of Indusind Bank, Sunil Mehta, who sent the bank through the crisis in recent months, repeated this sentiment. “The board is looking forward to working closely with Rajiv and the management team to offer strong and robust growth and at the same time give the highest administrative standards,” he said.
Bank feather
According to sources, the Reserve Bank of India (RBI) wanted to accelerate the approval process for the CEO position of Indusind Bank, since the lender had experienced a wave of negative events in recent months, including experiencing the dismissal of its top managers.
Given that Anand was a natural choice for the regulator for the position, because he created the “fit and the right criteria of RBI, has more than 35 years of banking experience in segments and is only 59 years old.
“… Of course, Rajiv would be one of the candidates (for the CEO role of Indusind Bank). Whether he wants to (the CEO) is to his owner of his owner.
Anand’s first job was on HSBC, where he was a prop trader in local currency tires, both government and company. He then moved to Anz Grindlays Bank where he was responsible for managing the liquidity and interest rate risk of the bank’s balance sheet. Anand also served as head of investments at Standard Chartered Bank before he moved to Axis Group.
In January 2009, post worldwide financial crises, Anand became the founders of MD and CEO at Axis AMC. In May 2013 he became president of Retail Banking for 5 years at Axis Bank. He was then appointed head of wholesale banking in 2018. In 2021, Anand became the DMD at Axis Bank and supervised wholesalers and digital banking, marketing and business communication verticals at the bank.
Sports fanatic, composed colleague
According to his colleagues, Anand is known for his balanced and composed nature, especially in times of crises. He is a long -term thinker who believes in strategic planning, they say. He is also known that he is building new companies on a scale.
“The room is fairly light when Anand is in it. He takes the stress out. He is methodological, grounded and large sports fan that loves golf and cricket in the core. He is a natural choice for the Indusind roll, because he has experience in both wholesalers and retail side of the company, and knows that trading activities are closely known,” one source said.
In the financial services, it is widely observed that when a new chef comes to a troubled lender, she performs the exercise “sinking sinking”. It is still to be seen whether Anand will follow the trend.
Published on August 5, 2025
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