HomeBusinessReserve Bank Of India (RBI) Approved Re-ppointment Of Amitabh Chaudhry As MD...

Reserve Bank Of India (RBI) Approved Re-ppointment Of Amitabh Chaudhry As MD Of Axis Bank

Amitabh Chaudhry Re-Appointed As MD,CEO Of Axis Bank

Axis Bank MD and CEO Amitabh Chaudhry

The Reserve Bank of India (RBI) authorised the re-appointment of Mr Amitabh Chaudhry as Managing Director and Chief Executive Officer (CEO) of main personal lender – Axis Bank for a interval of three years. 

The prolonged three-year time period will probably be efficient from January 1, 2022, based on a regulatory submitting by the financial institution to the inventory exchanges. 

”The Reserve Bank of India vide its letter dated October 14, 2021, has authorised the re-appointment of Amitabh Chaudhry because the Managing Director & CEO of the Bank, w.e.f. January 01, 2022 until December 31, 2024 (each days inclusive),” mentioned the financial institution’s assertion. 

The board of Axis Bank cleared the extension of his tenure for a interval of three years, topic to regulatory clearance.

Axis Bank’s board of administrators embody Mr Rakesh Makhija -Independent Director & Non Executive (Part time) Chairman, Mr Amitabh Chaudhry- Managing Director & CEO, Mr S Vishvanathan- Independent Non-Executive Director, Ms Ketaki Bhagwati – Independent Non-Executive Director, and Mr Stephen Pagliuca – Nominee Director, based on Axis Bank’s web site.

Mr Chaudhry was the MD and CEO of HDFC Standard Life Insurance Company earlier than becoming a member of Axis Bank. The banker has additionally served because the Head of testing unit of Infosys Technologies Limited and MD & CEO of Infosys BPO.

On Thursday, October 14, shares of Axis Bank settled 0.98 per cent increased at Rs 802 apiece on the BSE. Axis Bank opened on the BSE at Rs 796.35, swinging to an intra day excessive of Rs 803.85 and an intra day low of Rs 788, all through the buying and selling session yesterday. Stock markets have been closed as we speak on account of the Dussehra pageant. 

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