India's IndusInd Bank jumps on media report about potential CEO candidates

Bajaj Finance

27/06/2025 08:11

** Shares of IndusInd Bank INBK.NS rise 2.9% to 860 rupees

** Rahul Shukla, HDFC Bank's HDBK.NS group head of commercial and rural banking; Anup Saha, Bajaj Finance BJFN.NS MD, and Rajiv Anand, deputy MD at Axis Bank AXBK.NS, are in the running for IndusInd Bank's CEO position, CNBC TV-18 reports, citing sources

** Report says INBK board discussed potential CEO names unofficially with RBI, but is yet to submit list

** IndusInd Bank did not immediately respond to a Reuters request for comment

** INBK shares were up ~2% before the news, rose as much as 5.4% after the report

** INBK has dropped ~5% since March 10, when it disclosed incorrect accounting of internal derivative trades

** Lender currently does not have a CEO

** YTD, stock down over 10%; Nifty bank .NSEBANK up ~13%

(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))