IndusInd Bank Appoints Rajiv Anand as MD & CEO for 3-Year Term, Succeeding Sumant Kathpalia from August 25, 2025.
Appointment
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).
- 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.
Main Point :- (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.
About IndusInd Bank Limited
Established : 1994
Headquarter : Mumbai
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