The lender named Anand as CEO following approval by the Reserve Bank of India, which has final authority on senior banking appointments. Anand, a veteran banker, is currently deputy managing director at Axis Bank and has held key management positions at leading global financial institutions. IndusInd Bank took a $230 million hit in the year ended March 31 due to misaccounting in internal derivative trades, prompting the resignations of CEO Sumant Kathpalia and deputy Arun Khurana in April. In the interim, the bank has been steered by the board and two senior officials. The stock, which has lost 8.5% of its value since the disclosure of the accounting discrepancies in March, was last trading 2.5% higher at 823.15 rupees. Citi analysts said Anand's 35-plus years of banking experience and track record in scaling retail and corporate businesses are key positives.