REG - Axis Bank Ltd Axis Bank Ltd (144A) - Change in Management

Axis BankAnnouncement

18/07/2025 09:30

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RNS Number : 6605R  Axis Bank Limited  18 July 2025

 

AXIS/CO/CS/184/2025-26

 

July 18, 2025

 

Listing & Compliance Department
                               Listing
Department

National Stock Exchange of India Limited
BSE Limited

Exchange Plaza, 5th
Floor
1(st) Floor

Plot No. C/1, "G"
Block
P. J. Towers,

Bandra-Kurla
Complex
Dalal Street

Bandra (E), Mumbai - 400
051
Fort, Mumbai - 400 001

 

NSE Symbol: AXISBANK
 
BSE Scrip Code: 532215

 

Dear Sir(s),

 

SUB.: APPOINTMENT OF WHOLE-TIME DIRECTOR AND CHANGE IN SENIOR MANAGEMENT OF
AXIS BANK    LIMITED ("THE BANK").

 

REF.:  DISCLOSURE UNDER REGULATION 30 OF THE SECURITIES AND EXCHANGE BOARD OF
INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

 

APPOINTMENT OF WHOLE-TIME DIRECTOR

 

This is to inform you that based on the recommendation of the Nomination and
Remuneration Committee, the Board of Directors of Axis Bank Limited ("the
Bank") at its meeting held today, i.e.  July 18, 2025, has approved the
appointment of Neeraj Gambhir (DIN: 00257375) as a Whole-time Director,
designated as "Executive Director" of the Bank (including his terms and
conditions and remuneration), effective from (i) August 4, 2025; or (ii) the
date of approval of his appointment by Reserve Bank of India ("RBI"),
whichever is later.

 

The above appointment is for a period of 3 (three) years from the effective
date of his appointment and is subject to approval of the shareholders of the
Bank and RBI. Neeraj Gambhir would be liable to retire by rotation.

 

The brief profile of Neeraj Gambhir is attached herewith as Annexure A.

 

Please note that Neeraj Gambhir is not related to any other Director or Key
Managerial Personnel of the Bank. He has not been debarred from holding the
office of a Director by virtue of any order passed by SEBI or any other
regulatory/ statutory authority.

 

CHANGE IN SENIOR MANAGEMENT

 

Arjun Chowdhry wishes to pursue an entrepreneurial path and has resigned from
the role of Group Executive - Affluent Banking, Cards, Payments and Retail
Lending. He will be relieved from the services of the Bank at the close of
business on August 31, 2025. A copy of his resignation letter as required
under Schedule III, Part A, Para A(7C) of the SEBI Listing Regulations is
attached as Annexure C. The Bank places on record its appreciation for Arjun's
contribution and wishes him the very best in his future endeavors.

 

The details required as per SEBI circular no. SEBI/HO/CFD/PoD2/CIR/P/0155
dated November 11, 2024, are enclosed as Annexure B.

 

 

Please note that the Board Meeting commenced at 9.30 am and the above matter
was approved at 12.55 p.m.

 

You are requested to take note of the above and arrange to bring it to the
notice of all concerned.

 

Thanking You.

 

Yours Sincerely,

For Axis Bank Limited

 

 

 

 

Sandeep Poddar

Company Secretary

 

CC: London Stock Exchange

      Singapore Stock Exchange

 

 

 

Annexure A

 

Profile of Neeraj Gambhir

 

Neeraj Gambhir, age 52 years is Group Executive - Treasury, Markets and
Wholesale banking products at Axis Bank since May 2020. He has over 30 years
of experience in India's Financial sector and has worked in leadership roles
across large domestic and global banking and financial services organizations
during his career.

 

Prior to this, he was a Managing Director with Nomura, India, heading their
Fixed Income business. Before that, he was Managing Director with Lehman
Brothers, India responsible for setting up their Credit Business in India.
He was also Senior General Manager with ICICI Bank where he was responsible
for Global Structured Finance and Advisory group and helped to set up its
Proprietary Trading Group.

 

He has been actively involved in helping develop India's financial markets and
has been a part of several working groups and committees set up by the
regulators and policy makers.  He is currently a member of SEBI's Advisory
Committees on Mutual Funds and Corporate Bonds and Securitisation (COBOSAC).

 

He is on the Board of Axis Asset Management Company Limited, Chairman of Board
of Axis Pension Fund Management Limited, Vice Chairman of Fixed Income Money
Market and Derivatives Association of India and board member of Ind Fx Code
Participants Association. He is also a member of Governing Board of Corporate
Debt Markets Development Fund set up by SEBI.

 

Neeraj holds a Bachelor of Engineering degree in Computer Science and has done
his Post Graduation in Business Management from Indian Institute of
Management, Lucknow where he was awarded PGP Chairman's Medal.

 

_____________________

 

 

 

 

 

Annexure B

 

 Sr. No.  Particulars                                                                Arjun Chowdhry, Group Executive - Affluent Banking, Cards, Payments and Retail
                                                                                     Lending
 i.       Reason for change                                                          Resignation
 ii.      Date of appointment/ re-appointment/ cessation & term of appointment/      Date of Cessation: Close of business hours on August 31, 2025.

          re-appointment
 iii.     Brief profile (in case of appointment)                                     NA

 iv.      Disclosure of relationship between directors (in case of appointment of a  NA
          director)

 

Annexure C

 

Resignation letter of Arjun Chowdhry

 

 

 

http://www.rns-pdf.londonstockexchange.com/rns/6605R_1-2025-7-18.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6605R_1-2025-7-18.pdf)

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