Management Change29 Apr 2026, 08:33 pm
AXIS Bank: RBI approves Subrat Mohanty's ED re-appointment
AI Summary
AXIS Bank announced that the Reserve Bank of India (RBI) has approved the re-appointment of Subrat Mohanty as the Whole-Time Director, designated as Executive Director, for a further period of three years. The re-appointment is effective from August 17, 2026, until August 16, 2029. This follows the Board of Directors' initial approval on January 27, 2026, which was contingent on regulatory and shareholder approvals.
Key Highlights
- RBI approved Subrat Mohanty's re-appointment as Executive Director.
- New term is three years, from Aug 17, 2026, to Aug 16, 2029.
- Board initially approved re-appointment on January 27, 2026.
- Ensures continuity in the bank's top management.
Price Impact
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