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Indusind CEO Anand charts 3-year turnaround strategy

Mint Chennai

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November 10, 2025

He aims to rebuild trust among investors, promising higher compliance and transparency

- Shayan Ghosh & Subhana Shaikh

Indusind CEO Anand charts 3-year turnaround strategy

Rajiv Anand, the former Axis Bank executive, took charge as IndusInd Bank's chief executive officer on 25 August after leadership exits following a ₹1,959 crore derivatives loss.

IndusInd Bank's new chief executive has a plan. Having come in at a crucial juncture, Rajiv Anand wants to reinstate trust in the lender, some of which was seemingly eroded after a ₹1,959 crore derivatives fiasco swept through the bank, leading to changes at the top.

Anand, came out of retirement from Axis Bank to head the Hinduja Group-backed private sector lender on 25 August. Before Anand's tenure, IndusInd Bank witnessed its incumbent chief executive Sumant Kathpalia and deputy chief executive Arun Khurana exit unceremoniously and under a cloud of alleged insider trading.

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