IndusInd Bank Ltd

IndusInd Bank has appointed Rajiv Anand as its new Managing Director and CEO, bringing over 35 years of banking experience to the role and sparking a 5% increase in the bank’s stock price.

IndusInd Bank’s financial performance has taken a hit, with a 68% year-on-year decline in net profit, raising concerns about its future trajectory amidst a tumultuous financial landscape.

IndusInd Bank’s CEO and Deputy CEO have resigned amid accounting lapses, which have had a significant financial impact and triggered a decline in the bank’s share price.