Billionaire-Backed IndusInd Plans Sweeping Overhaul After Probe

IndusInd Bank Ltd., one of India’s largest non-state owned lenders, is preparing a sweeping overhaul aimed at boosting profitability and cleaning up underperformance, as its new chief executive officer seeks to boost return on assets following a governance shakeup.

The restructuring — expected within days — will “clean up” the organization and lead to exits for low performers while not affecting headcount, Chief Executive Officer Rajiv Anand told Bloomberg News in an interview.

Rajiv Anand

Source: IndusInd Bank Ltd.

The bank will also channel more resources into artificial intelligence and expand its retail business to strengthen its balance sheet, Anand said.

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