Whalesbook
IndusInd Bank is initiating a significant restructuring under new CEO Rajiv Anand to enhance profitability and address underperformance. The plan involves removing inefficiencies, focusing on artificial intelligence, expanding its retail business, and strengthening its balance sheet. This comes after a period of turbulence, including an accounting probe and recent losses, which led to executive changes. The bank aims to improve its return on assets, targeting 1% within 18 months.