IndusInd Bank jumps 5% On leadership Change, Rajiv Anand Named New CEO
IndusInd Bank shares rose 5 percent after RBI approved Rajiv Anand as the new CEO. Investors are hopeful about improved leadership, stronger growth, and strategic changes. Jefferies maintained a 'Buy' rating with 17 percent upside.
RBI approves Rajiv Anand as CEO for a 3-year term starting August 25.. | File photo
Key Highlights:
- RBI approves Rajiv Anand as CEO for a 3-year term starting August 25.
- Jefferies gives 'Buy' call with a Rs 783.70 target price.
- Stock gains 5 percent after months of weakness; still down 15 percent in 2025.
Mumbai: IndusInd Bank saw a strong rally in its share price, rising nearly 5 percent today. The rise came after the Reserve Bank of India (RBI) approved the appointment of Rajiv Anand as the bank’s new Managing Director and CEO.
This move has brought a wave of positive sentiment to the stock, which has been under pressure for several months.
Who is Rajiv Anand?
Rajiv Anand has deep experience in banking, having served as the Deputy Managing Director at Axis Bank. He will take over his new role at IndusInd Bank starting August 25, 2025, for a term of three years—pending shareholder approval.
The bank’s Chairman, Sunil Mehta, said that the board is excited to work with Rajiv to drive growth and improve governance standards.
Management Changes on the Horizon
Rajiv Anand’s appointment is seen as part of a larger leadership reshuffle. Analysts believe he might bring in new talent and introduce operational changes.
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Brokerage firm Jefferies sees this as a strong positive step. They expect Anand to reorganize top management and possibly hire professionals from Axis Bank or other financial institutions.
Brokerages Stay Positive
Jefferies has kept its ‘Buy’ rating on the stock and set a target price of Rs 783.70, which is about 17 percent higher than current levels. The firm believes the next phase of IndusInd Bank’s growth depends on improving fee income, asset quality, and efficiency.
Stock Performance Still Lagging
Despite today's jump, IndusInd Bank’s stock is still down 15 percent in 2025 and has dropped 22 percent in the last six months. The one-month return is also negative at -4 percent . Its market value stands at about Rs 64,130 crore.
The stock hit a high of Rs 837 today and was last trading around Rs 842.20 on the NSE.
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