Amitabh Chaudhry named Axis Bank MD and CEO

Axis Bank said Saturday Amitabh Chaudhry has been appointed its Managing Director & CEO from January 1, 2019 for a period of three years. Chaudhry, the MD & CEO of HDFC Standard Life Insurance Company at present, will take the charge at India's third largest private sector bank after incumbent Shikha Sharma steps down on December 31, 2018. "The Board of Directors of the bank at its meeting held today has taken on record the approval granted by the Reserve Bank of India (RBI) to the appointment of Amitabh Chaudhry as the Managing Director & CEO of the Bank, for a period of three years, with effect from 1 January 2019 up to 31 December 2021 (both days inclusive)," Axis Bank said in a filing to the BSE. (Text: PTI)