IndusInd Bank has announced a three-year turnaround strategy targeting industry outperformance by FY29, emphasising growth, profitability, and digital innovation under new CEO Rajiv Anand.
IndusInd Bank has set out a three-year turnaround plan aimed at restoring growth, strengthening profitability and pushing the lender ahead of industry trends by FY29, as new chief executive Rajiv Anand looks to draw a line under a year of balance-sheet repair.
In his first annual report message to shareholders since taking charge in August 2025, Anand said the bank was entering its “next chapter with stronger foundations, clearer priorities, a leadership team aligned on execution, and a sound capital and liquidity position”. That marks a clear shift from the defensive posture adopted during the past year, when the lender concentrated on cleaning up its books, tightening governance and reinforcing risk controls rather than chasing expansion.
The strategy is built around three phases. The first, covering FY26, is focused on restoring the franchise to industry-aligned growth and reaching an exit return on assets of 1% in FY27. The second year is intended to accelerate momentum, while the third aims to deliver outperformance by building leadership positions in selected businesses. Anand said the bank would pursue calibrated growth in areas that slowed during the clean-up, while maintaining a risk-adjusted approach to capital allocation.
Under its P.A.C.E. framework , Protect the Endowments, Accelerate Key Priorities, Customer Centricity and Execution Excellence , IndusInd plans to reinforce its vehicle finance, rural banking and corporate banking franchises, expand granular deposits and grow retail and small business lending. In its corporate banking operations, the bank serves large Indian companies, multinationals, small and medium-sized enterprises and emerging firms with products including term loans, working capital, forex and risk management services. It is also backing financial inclusion and rural livelihood financing as part of its sustainable financing efforts.
Anand has framed the overhaul as a longer-term rebuild of trust as much as a commercial reset. In interviews with Mint and Moneycontrol, he said the bank is aiming to restore confidence, improve transparency and create a business that stakeholders can be proud of within three to five years. He also said the lender’s investment in artificial intelligence and digital systems would support, not replace, core banking discipline, with human oversight, data privacy and regulatory compliance remaining central.
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