Axis Bank on Thursday announced that the board has approved the re-appointment of Amitabh Chaudhry as MD & CEO of the bank for a further period of three years.
The private bank in an exchange filing before market hours today said, as recommended by the Nomination & Remuneration Committee of Directors, the bank's board on 28 April 2021, considered and approved the proposal relating to re-appointment of Amitabh Chaudhry as the managing director & CEO of the bank, for a further period of 3 years, with effect from 1 January 2022 up to 31 December 2024.
The re-appointment is subject to the approval of the Reserve Bank of India and the shareholders of the bank.
Amitabh Chaudhry, is an Engineer from Birla Institute of Technology and Science, Pilani and Post Graduate in Business Management from IIM, Ahmedabad. He joined Axis Bank in January 2019.
Shares of Axis Bank were trading 1.58% higher at Rs 719 on BSE.
Axis Bank offers the entire spectrum of financial services to customer segments covering large and mid-corporates, MSME, agriculture and retail businesses. As on 31st March 2021, the private bank had a network of 4,594 domestic branches and extension counters situated in 2,596 centres.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU