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IndusInd Bank shares rose 5% after RBI approved Rajiv Anand as MD and CEO from August 25, 2025. Anand, with 35 years in banking, was previously Deputy MD at Axis Bank.
IndusInd Bank
IndusInd Bank Share Price: IndusInd Bank Limited’s shares rallied 5 per cent intraday on Tuesday following RBI’s approval of Rajiv Anand as the Managing Director and Chief Executive Officer of the bank, effective from August 25, 2025, for three years.
“Rajiv Anand has an exemplary career spanning over 35 years across multiple facets of the banking and financial industry. In his most recent role, Rajiv was associated with Axis Bank Limited as the Deputy Managing Director. Rajiv has a strong track record of scaling retail and corporate businesses with expertise in capital markets, treasury and asset management,” the bank said in the filing.
Shares were trading 1.57 per cent higher at Rs 816.40 apiece around 11:30 am. The scrip opened at Rs 820 apiece, against the previous day close at Rs 804.05 apiece.
Read More: Who Is Rajiv Anand, The New MD & CEO Of IndusInd Bank?
In May, SEBI had barred then CEO Sumant Kathpalia and four other senior IndusInd Bank officials from accessing the securities markets over alleged insider trading. The regulator also impounded Rs 19.78 crore from the five individuals, as per its interim order.
The others named in the order include Arun Khurana (Executive Director and Deputy CEO at the time), Sushant Sourav (Head of Treasury Operations), Rohan Jathanna (Head of GMG Operations), and Anil Marco Rao (CAO – Consumer Banking Operations).
SEBI had alleged that the executives traded in IndusInd Bank shares while in possession of unpublished price-sensitive information (UPSI), violating insider trading norms.
Kathpalia had earlier proposed a Rs 5.21 crore settlement to the Securities and Exchange Board of India (SEBI) to resolve an insider trading case, according to a report by The Economic Times.
SEBI’s settlement mechanism allows individuals accused of regulatory violations to resolve matters without admitting or denying wrongdoing, by paying a settlement amount.
The interim order comes in the wake of a major accounting scandal that rocked the private sector lender earlier this year. In March, IndusInd Bank had disclosed that it suffered a hit of approximately ₹1,900 crore due to years of misreporting internal derivative trades. The bank said the issue had been traced back to incorrect internal accounting practices within its treasury department.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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