Appointment of Mr. Rajiv Anand as the Managing Director and Chief Executive Officer of the Bank

Mumbai, August 04, 2025: The Board of Directors of IndusInd Bank Limited today approved the appointment 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.

By this appointment, the Bank has delivered on its commitment of expeditiously identifying the MD & CEO with the right competencies and strong values.

Commenting on this appointment, Mr. Sunil Mehta, the Chairman of the Board of Directors, IndusInd Bank said: “On behalf of the Board, I congratulate Rajiv Anand on his appointment as the MD & CEO of the Bank. The Board looks forward to working closely with Rajiv and the management team to deliver strong and robust growth while prioritizing highest standards of governance. The Board would like to express its gratitude to the Reserve Bank of India for its invaluable support throughout the process. The Board, the Management team and all employees look forward to welcoming Rajiv to the IndusInd family and growing this franchise to its full potential.”

About IndusInd Bank:

IndusInd Bank Limited has been redefining banking for the past 31 years and has been a force for progression and innovation, offering an elevated banking experience for its diverse range of stakeholders, including government entities, PSUs, retail customers, and large corporations. The Bank’s product offerings include microfinance, personal loans, debit/credit cards, SME loans, advanced digital banking facilities, affluent and NRI banking services, vehicle financing, and innovative ESG-linked financial products. The Bank also caters to the growing Indian diaspora with representative offices in London, Dubai, and Abu Dhabi. As of June 30,2025, IndusInd Bank serves approximately 42 million customers through 3,110 branches/banking outlets and 3,052 ATMs, reaching 1,64,000 lacs villages across India. IndusInd Bank leverages technology through its 'Digital 2.0' strategy, ensuring multi-channel delivery and a robust digital infrastructure. In each of its unique offerings that include ‘INDIE’ – the one-stop-shop for all things digital banking; innovation and customer centricity remain at the core. IndusInd Bank holds clearing bank status for major stock exchanges BSE and NSE, settlement bank status for NCDEX, and is an empanelled banker for MCX.

RATINGS

Domestic Ratings:

• CARE A1+ for Certificate of Deposits  
• CRISIL A1+ for certificate of deposit program / short term FD programme 
• CRISIL AA+ for Infrastructure Bonds program/Tier 2 Bonds
•  IND AA+ for Issuer Rating by India Ratings and Research
• IND AA+ for Senior bonds program/Tier 2 Bonds by India Ratings and Research

International Rating:

• Ba1 for Senior Unsecured MTN programme by Moody’s Investors Service

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