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Axis Bank re-appoints Amitabh Chaudhry as MD and CEO till December 2027
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
The re-appointment, effective from January 1, 2025, is subject to regulatory approval from the Reserve Bank of India (RBI) and the bank’s shareholders, the lender said in a regulatory filing.
Axis Bank has announced the re-appointment of Amitabh Chaudhry as its Managing Director & Chief Executive Officer (MD & CEO) until December 31, 2027.
The re-appointment, effective from January 1, 2025, is subject to regulatory approval from the Reserve Bank of India (RBI) and the bank’s shareholders, the lender said in a regulatory filing.
Amitabh Chaudhry, 59, has been at the helm of Axis Bank since January 1, 2019, bringing with him a wealth of experience garnered from his tenure at HDFC Standard Life Insurance Company Limited (HDFC Life), where he served as the CEO for over nine years, the bank said.
Prior to his stint at HDFC Life, Chaudhry served as the MD & CEO of Infosys BPO.
Amitabh Chaudhry’s educational background includes a degree in Engineering from Birla Institute of Technology and Science, Pilani, and a Post Graduate degree in Business Management from IIM Ahmedabad.
Meanwhile, Axis Bank reported a net profit of ₹7,130 crore for fourth quarter of FY24, surpassing CNBC-TV18’s poll expectation of ₹6,207.4 crore.
In the same quarter of the previous financial year, the lender had reported a loss of ₹5,728.4 crore.
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