StockWatch
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Private Sector Bank
Management Change4 Nov 2026, 06:41 pm

RBI Approves Munish Sharda's Re-appointment as Executive Director

AI Summary

AXIS Bank Ltd has received approval from the Reserve Bank of India (RBI) for the re-appointment of Munish Sharda as Whole-Time Director, designated as Executive Director. This reappointment is for a further period of three years, effective from February 27, 2027, up to February 26, 2030. The approval from the RBI follows the Board of Directors' initial approval of the re-appointment on June 29, 2026. The reappointment is also subject to shareholder approval.

Key Highlights

  • RBI approves Munish Sharda's reappointment as Executive Director.
  • Re-appointment is for a three-year term starting February 27, 2027.
  • Shareholder approval is still required for the reappointment.
  • This is a continuation of previous board approval.