Rajiv Anand Appointed As New CEO & MD Of IndusInd Bank

IndusInd Bank has appointed Rajiv Anand as its new Chief Executive Officer and Managing Director (CEO & MD), following approval from the Reserve Bank of India (RBI), effective August 25, 2025.
This follows the resignation of former CEO Sumanth Kathpalia on April 29, 2025.

Anand was the Deputy MD at Axis Bank, where he led the Wholesale Banking Business and oversaw the bank’s digital initiatives. He has held senior management roles in global financial institutions and has extensive experience in capital markets and banking. He joined Axis Asset Management Co. Ltd. in 2009 as its founding MD and CEO. He later became President of Retail Banking at Axis Bank before being appointed to the bank’s Board as Head of Wholesale Banking. Over his career, he has been involved in strategic leadership across multiple banking domains. Anand holds a commerce degree and is a qualified Chartered Accountant.

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