Axis Bank reappoints Amitabh Chaudhry as MD, CEO for three more years
The Axis Bank board has approved the re-appointment of Amitabh Chaudhry as its managing director and CEO. Chaudhary, 56, will serve in this capacity for three more years, starting January 2022 up to December 31, 2024.
In a regulatory filing, the private sector lender said that the re-appointment will be subject to the approval of the Reserve Bank of India (RBI) and shareholders of the bank.
“Amitabh Chaudhry is not related to any other director or key managerial personnel of the bank,” Axis Bank said in a statement.
Chaudhry, 56, pursued engineering from Birla Institute of Technology and Science, Pilani, and Post Graduate in Business Management from IIM, Ahmedabad.
He joined Axis Bank in January 2019, after successfully leading HDFC Life as its MD & CEO for nine years. Under his leadership, HDFC Life emerged as one of India’s largest private life insurers.
Prior to HDFC Life, Chaudhry was the MD and CEO of Infosys BPO and the Head of the testing unit of Infosys Technologies Ltd. He was instrumental in building the BPO right from its inception and was later credited for making it an extremely profitable business having a presence across seven countries.