- Amitabh Chaudhry has been re-appointed as the managing director (MD) and chief executive officer (CEO) of Axis Bank.
- The Board of the Axis Bank approved the re-appointment of Amitabh Chaudhry for the next three years, effective 1 January 2025. This was the second extension for Amitabh Chaudhary.
- Amitabh Chaudhry was appointed as the MD & CEO of the Axis Bank in 2019. Before his appointment as the MD & CEO of Axis Bank, Amitabh Chaudhry was the MD & CEO of HDFC Life Insurance company.
- In 2022, he was given a three-year extension by the Axis Bank.
- However, as per the regulatory provision, Amitabh Chaudhry’s name for the MD & CEO post needs to be approved by the Reserve Bank of India and the shareholders of Axis Bank.
Axis Bank
- Axis is India’s third largest private bank by assets after HDFC Bank and ICICI Bank.
- The Axis Bank was earlier known as UTI Bank and it commenced its banking operation in 1994.
- In 2007, the name of the bank was changed to Axis Bank.
- The Bank has over 5,100 domestic branches (including extension counters) and over 15,000 ATMs in India. It also has overseas branches in Singapore, Dubai, and Gift City-IBU. It has representative offices in Dhaka (Bangladesh) and an overseas subsidiary in London, United Kingdom.
- Headquarters: Mumbai, Maharashtra
- Tagline: Badhti Ka Naam Zindagi
- Md and CEO: Amitabh Chaudhary