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IndusInd Bank Appoints Rajiv Anand as MD & CEO for 3-Year Term, Succeeding Sumant Kathpalia from August 25, 2025.

Appointment | Dated: 06 Aug 2025

In August 2025, IndusInd Bank Limited officially announced the appointment of Rajiv Anand as the new Managing Director (MD) and Chief Executive Officer (CEO) for a tenure of three years, starting 25th August 2025, following approval from the Reserve Bank of India (RBI).

🎯 Key Highlights:

  • - Rajiv Anand succeeds Sumant Kathpalia, who resigned as MD & CEO on 1st May 2025 after completing his term. Anand was previously serving as the Deputy Managing Director (DMD) at Axis Bank, a role he held from 2021 until 3rd August 2025.
  • - At present, the bank is being managed by its Executive Committee (EXCO) comprising Soumitra Sen, Head of Consumer Banking, and Anil Rao, Chief Administrative Officer (CAO), until Rajiv Anand takes charge officially.
  • - Rajiv Anand brings 35+ years of experience in the banking and financial services sector. A Chartered Accountant, he began his notable leadership journey by joining Axis Asset Management Company Limited in 2009 as founding MD & CEO.He later took over as President of Retail Banking at Axis Bank in 2013 and led the division for five years, contributing to key milestones in retail banking innovation and expansion.

💡 Other Important Facts:

  • (i) From 2018 onwards, Rajiv Anand led Wholesale Banking at Axis Bank, with a strong focus on sustainable growth and institutional lending. His strategic vision also shaped long-term corporate partnerships.
  • (ii) Beyond corporate leadership, Rajiv Anand holds influential roles on national platforms. He is a member of the National Committee on Banking of CII (Confederation of Indian Industry) and serves as Senior Vice President at the Bombay Chamber of Commerce & Industry (BCCI).
  • (iii) He is also on the Boards of Axis Bank UK Limited, Axis Max Life Insurance Company Limited, and the BCCI, further highlighting his leadership across banking and insurance domains.

📚 Test Your Knowledge:

Who has been recently appointed as the Managing Director (MD) & CEO of IndusInd Bank for a 3-year term ?

Correct Answer: Rajiv Anand

🚀 Quick Recap:

About IndusInd Bank Limited

  • Established : 1994
  • Headquarter : Mumbai