MUMBAI – Axis Bank announced today that its Board of Directors has approved the re-appointment of Amitabh Chaudhry as Managing Director & CEO for an additional three-year term. Chaudhry’s new term, subject to approval from the Reserve Bank of India and Axis Bank shareholders, is set to begin on January 1, 2025.
The news sparked a positive reaction in the market, with Axis Bank’s shares rising by approximately 5%. Investors have signaled their confidence in Chaudhry’s ongoing leadership and the strategic direction of the bank.
Chaudhry joined Axis Bank in 2019, bringing significant experience from his previous role as MD & CEO of HDFC Life. Under his direction, Axis Bank has demonstrated a focus on growth and innovation.
“We are delighted to have Amitabh Chaudhry continue to lead Axis Bank,” [Insert quote from Axis Bank Board Chairperson if available]. “His expertise and vision have been invaluable, and we are confident that he will guide the bank to even greater heights in the years to come.”
About Axis Bank: Axis Bank is one of India’s leading private sector banks, offering a wide range of financial products and services to retail, corporate, and SME customers.
