IndusInd Bank shares jump 3% as Rajiv Anand joins lender as MD & CEO; key details

IndusInd Bank Ltd’s shares rose 3 percent during Tuesday’s trading session after the private lender’s board of directors sanctioned the appointment of Rajiv Anand as Managing Director and Chief Executive Officer for a three-year period, starting August 25, 2025. This resolves the ambiguity about the CEO position for the bank, which saw a 68 percent drop in profits for the June quarter as the growth in lending and deposits decelerated.

Stock analysts generally set price targets ranging from Rs 600 to Rs 1,000 for the IndusInd Bank stock. The speed of business recovery is now an important short-term factor to observe. IndusInd Bank increased by 2.62 percent, reaching a peak of Rs 824.95 per share on BSE.

Anand has more than 35 years of experience in banking and financial services, specializing in retail and corporate banking, capital markets, treasury, and asset management. He was formerly the Deputy Managing Director at Axis Bank, where he significantly contributed to the growth of several business sectors

Announcing the appointment, Chairman Sunil Mehta said, “On behalf of the Board, I congratulate Rajiv Anand on his appointment as MD & CEO. We look forward to working with him to deliver robust growth while upholding the highest standards of governance.” He also thanked the Reserve Bank of India for its support during the selection process.

Data indicated that IndusInd Bank’s core NIM decreased to 3.35 percent in Q1 compared to 3.47 percent in the prior quarter and 4.25 percent one year earlier. Core MFI delinquencies decreased by 48 percent quarter-over quarter, whereas CV delinquencies increased by 13 percent both quarter-over-quarter and year-over-year. Slippages in various retail and corporate sectors rose by 11 percent quarter on quarter.

Among several brokerages, the lowest target for IndusInd Bank stock is Rs 600 by Nuvama, which deemed the lender’s Q1 weak due to growth pressure, rise in non-performing loans (NPLs), and a slump in fee income with a significant decrease across all metrics. It observed that core pre-provision operating profit (PPOP) fell 47 percent year-over-year, and RoA decreased to 45 basis points from 103 basis points in Q3FY25 and 168 basis points year-over-year. Attention would now be directed towards the new CEO