IndusInd Bank today said the Reserve Bank of India (RBI) has approved appointment of Rajiv Anand as MD, CEO for a period of three years, effective August 25.
“We hereby inform, that the Board of Directors, basis approval of Reserve Bank of India, have a ttheir meeting held today, August 4, 2025, approved the appointment of Mr. Rajiv Anand (DIN:02541753) as ‘Additional Director’ in the category of Managing Director & CEO and Key Managerial Personnel of the Bank for a period of three years. The appointment is effective from August 25, 2025 upto August 24, 2028 (both days inclusive), subject to the approval of the Shareholders of the Bank,” the bank said in an exchange filing.
Anand was Deputy MD at Axis Bank. In this role, he led the Bank’s Wholesale Banking Business and was also responsible for driving the digital agenda of the Bank. He has held key management positions at leading global financial institutions and in Capital Markets & Banking. He joined Axis Asset Management Co. Ltd. in 2009 as its founding Managing Director & CEO. In his next assignment, he was appointed President of Retail Banking at Axis Bank.
Subsequently, he was inducted into the Board of the Axis Bank and took over as the Head of Wholesale Banking.
In May, Businessline reported exclusively that Anand was the front-runner for the IndusInd Bank chief post.
Published on August 4, 2025
