Archive · 1 Jul 2025
IndusInd Bank Submits CEO Candidates to RBI After Deadline
IndusInd Bank, a big bank, had to find a new CEO.
They sent a list of three potential leaders to the RBI, the government group that checks banks.
The deadline was June 30, 2025.
The choices are Rajiv Anand, Rahul Shukla, and Anup Saha.
The bank board likes Rajiv Anand best.
This happened because the old CEO and deputy CEO left because of problems with how the bank handled some money matters.
IndusInd Bank submitted three CEO candidates to the RBI by the June 30, 2025 deadline.
The candidates are Rajiv Anand, Rahul Shukla, and Anup Saha.
The board reportedly favors Rajiv Anand as the top choice.
The new CEO's term is expected to be three years.
The leadership change follows the resignation of the previous CEO and deputy CEO due to accounting discrepancies.
- Who
- Potential candidates include Rajiv Anand, Rahul Shukla, and Anup Saha. The RBI will approve the new CEO.
- What
- IndusInd Bank submitted a list of three CEO candidates to the RBI.
- When
- The submission occurred by the June 30, 2025 deadline.
- Where
- IndusInd Bank
- Why
- The leadership change follows the resignation of the CEO and Deputy CEO due to financial discrepancies.
- RBI Deadline
- June 30, 2025
- Potential Candidates
- Rajiv Anand, Rahul Shukla, Anup Saha
- Board's Preferred Candidate
- Rajiv Anand
- Previous CEO
- Sumant Kathpalia
- Previous Deputy CEO
- Arun Khurana
- Discrepancy in Derivatives Portfolio
- Rs 1,580 crore
- Incorrectly Recorded Interest Income
- Rs 674 crore
- Unsubstantiated balances
- Rs 595 crore
Sources
Who Will Be IndusInd Bank’s Next CEO? Check The 3 Names Sent To RBI
IndusInd Bank likely to submit CEO shortlist to RBI amid leadership overhaul
IndusInd Bank Sends CEO Candidates Shortlist To RBI Following Top-Level Exits
IndusInd Bank sends CEO shortlist to RBI for approval, sources say
IndusInd Bank shortlists three veteran bankers for CEO role, requests RBI approval — Check details
