Commenting on the development, Sunil Mehta, Chairman of the Board of Directors, IndusInd Bank, said, "On behalf of the Board, I welcome Rajiv Anand as the MD & CEO of the Bank. The Board looks forward to working closely with Anand and the management team and taking it to new heights. The Board also appreciates the efforts of the Oversight Committee and the Committee of Executives. During this interim period, the bank has made robust progress ascertaining root causes of legacy issues and addressing control gaps. The Board also made significant progress in assessing individual roles and responsibilities and fixing staff accountability. The Bank is now embarking on a growth journey under the new leadership while prioritising highest standards of governance and integrity."