IndusInd Bank to rebuild senior management team in 6 months: MD & CEO

IndusInd Bank CEO Rajiv Anand outlines three-year plan to boost deposits, expand MSME and retail lending, stabilise microfinance, and strengthen senior management

Rajiv Anand took charge as the managing director (MD) and chief executive officer (CEO) of IndusInd Bank in August after his predecessor quit following accounting lapses. In a telephonic interaction with Manojit Saha, Anand spells out the road map to rebuild the private lender over the next three years. Edited excerpts: 

Loans and deposits have fallen in Q2, both sequentially and year-on-year. Was that a conscious strategy? 

It was a conscious call to shed some of our high-cost deposits and low-yielding assets. So, it is a rebalancing of the portfolio that is currently playing out. If you notice, retail deposits