IndusInd Bank Submits CEO Shortlist to RBI After Leadership Exits
According 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.
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Due to years of internal derivative trading misaccounting, the private lender incurred $230 million in the year that ended on March 31, 2024–2025. As a result, in April 2025, Arun Khurana, the deputy, and Sumant Kathpalia, the former CEO, resigned.
Each of the three seasoned bankers who made the short list for the CEO position at IndusInd Bank has decades of experience working for institutional lenders or financial firms in the banking industry.
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).
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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.