IndusInd Bank has named Rajiv Anand as its new Managing Director and Chief Executive Officer for a three-year term, pending approval from shareholders. The appointment was confirmed through an official stock exchange filing, marking a significant leadership change for the private sector bank.
Rajiv Anand brings with him more than 30 years of rich experience in the banking and financial services industry. Prior to this appointment, he served as the Deputy Managing Director at Axis Bank, where he was instrumental in shaping the bank’s retail and wealth strategies. Over his long stint at Axis, he held several senior roles, including Executive Director – Retail Bank, Group Executive & Head of Retail Banking, and MD & CEO of Axis Asset Management.
Anand’s leadership journey also includes senior positions at Standard Chartered Bank and Bandhan Mutual Fund, underlining his deep expertise across banking, asset management, and capital markets. His professional career began in global markets, with early roles at HSBC and ANZ, where he built a strong foundation in financial markets and risk management.
With IndusInd Bank aiming to expand its digital and retail footprint, Anand’s strategic experience and industry insight are expected to be pivotal in driving the next phase of the bank’s growth. His leadership will also be closely watched as the banking sector adapts to regulatory changes, evolving customer expectations, and technological disruption.
The bank noted in its filing that the appointment is “subject to the approval of shareholders,” a procedural step before Anand formally takes charge.
This leadership move comes at a time when private banks are doubling down on customer-centric innovation, risk management, and digital transformation—areas where Anand has previously demonstrated impact. His appointment is seen as a strong signal of IndusInd Bank’s intent to build long-term value and competitive differentiation in the rapidly evolving financial ecosystem.
