Archive · 2 Nov 2025
IndusInd Bank Hires New Leadership After Accounting Discrepancies
IndusInd Bank, a bank in India, is hiring many new leaders.
This is happening because the old leaders left after a problem with accounting, where there were differences in the numbers, amounting to ₹2,000 crore.
The new boss, Rajiv Anand, wants to bring in a fresh team to run things smoothly and honestly.
Some important new people have already joined, like the new finance chief and head of legal.
More leaders are being hired for different parts of the bank, including for loans and technology.
This is part of a plan to make sure the bank's operations are efficient and trustworthy.
The bank also has many other job openings for regular employees.
The rate at which employees are leaving has also gone down recently.
IndusInd Bank is hiring numerous senior executives, including CXOs, to form a new leadership team.
New MD & CEO Rajiv Anand is leading the recruitment drive following the exit of previous top executives after accounting discrepancies.
Recent hires include the CFO, Head of Internal Audit, Legal Counsel, and Head of Business Transformation.
The bank is also looking to hire heads for its micro-loan vertical (BFIL), corporate and retail loans, CIO, CDO, HR, and treasury departments.
IndusInd Bank's attrition rate decreased to 29% in FY25 from 37% in FY24, while the bank has over 10,000 vacancies in other roles.
- Who
- IndusInd Bank, led by new MD & CEO Rajiv Anand
- What
- IndusInd Bank is undertaking a significant hiring drive for senior leadership positions across various departments.
- When
- During the recent quarter and ongoing, with new hires already in place and more expected by the end of November.
- Where
- IndusInd Bank
- Why
- To build a new, clean, and efficient leadership team following the exit of former senior officials and ₹2,000 crore accounting discrepancies.
- New MD & CEO
- Rajiv Anand
- Reason for Hiring Spree
- Exit of former MD & CEO Sumant Kathpalia and former Deputy CEO Arun Khuranna following accounting discrepancies
- Recent Key Hires
- CFO Viral, Head of Internal Audit Pragati, Legal Counsel Anand Vardhan, Head of Business Transformation Pankaj Sharma
- Upcoming Hires
- CEO for BFIL (micro-loan vertical), Heads for Corporate & Retail Loan Verticals, CIO, CDO, Head of HR, Head of Global Markets and Treasury
- Attrition Rate FY25
- 29%
- Attrition Rate FY24
- 37%