IndusInd Bank plans major overhaul after accounting scandal

Business Nov 20, 2025

IndusInd Bank is shaking things up after a ₹1,960 crore accounting mess led to new leadership.
CEO Rajiv Anand says the focus is on fixing inefficiencies and boosting profits—without mass layoffs.
The bank, backed by the Hinduja family, is betting big on AI and wants to grow its retail banking side.

How they're bouncing back

After a tough year with shares down 12% and returns lagging behind rivals, Anand has set a goal: hit 1% return on assets in 18 months.
The plan? Expand home loans and SME lending, plus tap into wealth management as smaller cities get richer.
To rebuild trust, the bank's also tightening up its systems and controls.