| | JULY 20258According to reports, IndusInd Bank has shortlisted three seasoned bankers for the position of Chief Executive Officer (CEO) and sent the names to the Reserve Bank of India (RBI), the country's central bank, for approval.The private institutional lender nominated three seasoned bankers to possibly fill the CEO position: Anup Saha, Managing Director of Bajaj Finance; Rahul Shukla, Executive Vice President of HDFC Bank; and Rajiv Anand, Deputy Managing Director of Axis Bank.The board has made Rajiv Anand's name its top priority owing to his standing and the experience he offers.According to previous reports, the Reserve Bank requested that the board of directors of IndusInd Bank submit three names by the deadline of June 30, 2025.The board of IndusInd Bank is reportedly not inclined to consider more candidates for the CEO position.Additionally, the board has recommended that the incoming CEO serve a three-year tenure at the bank.Due to years of internal derivative trading misaccounting, the private lender incurred $230 million in the year that ended on March 31, 2024­2025. As a result, in April 2025, Arun Khurana, the deputy, and Sumant Kathpalia, the former CEO, resigned.According to the LinkedIn profile, Rahul Shukla, the Executive Vice President of HDFC Bank, has been the Head of the Risk Strategy Unit and Senior Vice President of the institutional lender for the past 21 years.Shukla graduated from Savitribai Phule Pune University with a Master of Business Administration (MBA).Rajiv Anand has worked at Axis Bank for more than eight years, and he is currently the Deputy Managing Director. Anand served as the MD and CEO of Axis Asset Management from 2009 to 2013 before to joining the institutional lender.Additionally, Anand has worked with Standard Chartered Bank for more than 12 years and HSBC for 4.9 years. Additionally, he is certified by the Institute of Chartered Accountants of India (ICAI) as a chartered accountant.The current managing director of Bajaj Finance, Anup Saha, has worked in banking and financial services for 25 years with different institutional lenders and non-banking financial organizations, giving him over 32 years of expertise in the field. INDUSIND BANK SUBMITS CEO SHORTLIST TO RBI AFTER LEADERSHIP EXITSIN FOCUSHonasa Consumer, the parent company of Mamaearth announces the appointment of Yatish Bhargava as its Chief Business Officer (CBO). This comes around four months after Zairus Master stepped down from the post in February. In his new position, Bhargava will lead business operations across various brands and channels to drive growth on multiple platforms.The purpose of Bhargava's appointment is to enhance Honasa's omnichannel approach. He brings 17 years of expertise in managing profit and loss, as well as directing large teams in general trade, modern trade, and e-commerce.Before joining Honasa, Bhargava held significant leadership positions at major Indian e-commerce company Flipkart and at FMCG leader Hindustan UnileverHonasa, which also owns brands such as The Derma Co., Aqualogica, Bblunt, Dr. Sheth's, and Staze Beauty, has experienced several disruptions in its operations over the past few quarters as it adjusted its distribution strategy across the top 50 cities.Through Project Neev, Honasa has been eliminating super stockists and substituting underperforming distributors with more capable, tier-I partners. This process is nearing completion now. In its Q4FY25 report, Honasa indicated that the new model is facilitating quicker deliveries, better inventory management, and enhanced service for retailers.In Q4 FY25, the company's revenue increased by 13.3 percent to Rs 533.6 crore. However, net profit fell 18 per-cent to Rs 25 crore as margins took a hit. HONASA CONSUMER APPOINTS YATISH BHARGAVA AS ITS CBOIN FOCUS
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