India's IndusInd Bank jumped as much as 5.4% on Tuesday after naming Rajiv Anand as CEO, a move that analysts say could pave the way for a turnaround after leadership turmoil amid accounting lapses. The stock was the top gainer on the Nifty Bank and Nifty Private Bank indexes,

Rajiv Anand appointed as IndusInd Bank CEO, bringing hope to investors after recent financial and reputation setbacks.

IndusInd Bank on Monday announced the appointment of Rajiv Anand, former Deputy Managing Director of Axis Bank, as its new MD and CEO. The board, basis approval of the Reserve Bank of India (RBI), have at its meeting held on August 4 approved the appointment of Rajiv Anand as 'Additional Director' in the category of Managing Director and CEO and Key Managerial Personnel of the bank for three years,