New Delhi, June 27 -- Shares of IndusInd Bank rallied over 5 percent in intra-day trading on Friday following reports that the private lender is close to finalising its next Chief Executive Officer (CEO). The sharp move in the stock came amid renewed optimism around leadership stability at the bank.

According to a report by CNBC, the bank's board is actively evaluating three candidates and is expected to forward the shortlisted names to the Reserve Bank of India (RBI) for final approval shortly. People familiar with the matter indicated that the list includes Rajiv Anand, Deputy Managing Director at Axis Bank; Anup Saha, Managing Director at Bajaj Finance; and Rahul Shukla, Group Head of Commercial and Rural Banking at HDFC Bank, who is ...