Overview

• Reserve Bank of India granted clearance for Rajiv Anand’s three-year term as managing director and chief executive officer, effective August 25, subject to shareholder ratification
• The MD & CEO post has been vacant since April when Sumant Kathpalia resigned over a ₹1,960-crore derivatives misaccounting loss
• IndusInd Bank shares jumped over 3 percent on the announcement, underscoring investor optimism about ending leadership uncertainty
• The bank has engaged headhunters to fill key vacancies including treasury head, chief financial officer and internal audit chief
• Forensic audits and enhanced regulatory oversight are driving governance reforms aimed at addressing past lapses and restoring stakeholder confidence