Axis Bank » has reappointed Amitabh Chaudhry » as the Managing Director and CEO for an additional three years, effective from January 1, 2025, to December 31, 2027. This reappointment was contingent upon approval from the Reserve Bank of India, which has now been granted. Shareholders approved this decision during the 30th Annual General Meeting held on July 26 of this year.
In an exchange filing on October 24, Axis Bank announced the Reserve Bank of India's sanction for Chaudhry's reappointment. The statement expressed the bank's pleasure in confirming his continued leadership for the specified period. Chaudhry joined Axis Bank in 2019 after a successful tenure at HDFC Life » , where he spent over nine years.
Under Chaudhry's leadership, Axis Bank has made significant strides in enhancing its retail banking and digital capabilities, solidifying its market position. Over the past five years, he has spearheaded transformative projects, including a complete overhaul of technology platforms and innovative strategies for business acquisition. Notably, in 2023, Axis Bank achieved a major milestone by acquiring Citibank's retail operations in India. Read More »
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