This year, where the middle East was in the headlines from Middle East to Trump Tariff, Indusind Bank Crisis has also been discussed a lot. The bank got caught in a huge crisis due to financial disturbances, the resignation of the CEO, then the strong deficit and the stock crash. In the midst of all this, there has been a stir among investors, but now a big news has come about it, which can be seen on the Bank Share. Actually, IndusInd Bank has got the new CEO (Indusind Bank New CEO) and has been given the responsibility of recovering from the crisis to Rajeev Anand.
Rajiv Anand will remain CEO till 2028
Indusind Bank has appointed Rajiv Anand, who has a long banking experience, its new CEO and has been appointed for three years from August 25, 2025 to August 24, 2028. After getting approval from the Reserve Bank of India (RBI), their selection has been confirmed. Let me tell you, 59 -year -old Rajiv Anand recently retired from the post of Deputy Managing Director of Axis Bank and he has more than 35 years of experience in asset management, retail and wholesale wholesale banking sector. Anand joined Axis Group in 2009 and was then leading wholesale banking since 2018 after leading retail banking in Axis Bank in 2013.
Why new appointment is happening
IndusInd Bank was operating without a full -time CEO for the last four months. Because former CEO of the bank Sumant Kathpalia resigned from his post in April, taking moral responsibility of loss of Rs 1,959.98 crore associated with wrong internal derivative trades. Not only the CEO, but also in the case of accounting manipulation, Deputy CEO Arun Khurana and many other top officials were also resigned. Where there was a stir among investors, the impact on the results of the first quarter of the bank was clearly seen. In the first quarter of FY26, the company’s net profit declined by 72 per cent.
Revealed in March, again the crisis increased
The issue of accounting disturbances came to light for the first time on March 10 in Indusind Bank, when the bank revealed that its derivative book could affect its networks by 2.35% by December 2024 by the Mark-to-Market (MTM) deficit and it can be around Rs 1,600 crore. The wrong accounting of the internal derivative trade created this crisis, but it was hidden, so that the value of Indusind Bank Share would not be affected and its price will increase. But when the matter was opened, there was a stir among the investors and the stock crash went on.
The impact can be seen on the share
To overcome the crisis of IndusInd Bank, now Rajiv Anand has been given the responsibility, then the impact of this news can also be seen on Indusind Bank Stock on Tuesday. On Monday, on the last trading day, it was clicked at Rs 802.95 with a rise of 2.46 per cent. The company’s market cap is Rs 62550 crore and this year, the stock was seeing a strong decline since the matter was revealed this year.
(Note- Be sure to consult your market experts before any kind of investment in the stock market.)
—- End —-