Axis Bank's Amitabh Chaudhry Begins New Three-Year Term as MD and CEO from 1 January 2025

Amitabh Chaudhry commenced a new three-year term as Managing Director and Chief Executive Officer of Axis Bank on 1 January 2025, following the board's approval of his reappointment in April 2024 and the Reserve Bank of India's regulatory approval in October 2024. The reappointment was disclosed in filings with the relevant Indian stock exchanges and confirmed through Axis Bank's official investor relations communications.

Axis Bank is India's third-largest private-sector bank. Chaudhry first joined Axis Bank as Managing Director and CEO in January 2019.

REGULATORY APPROVAL

Indian banking law requires the central bank to assess the fitness and propriety of proposed senior appointments at scheduled commercial banks before they can be made effective. The RBI's clearance enabled the new three-year term to begin on 1 January 2025.