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

Axis BankAnnouncement

25/04/2025 14:00

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RNS Number : 2820G  Axis Bank Limited  25 April 2025

AXIS/CO/CS/34/2025-26

 

April 25, 2025

 

  Dear Sir/Madam,

 

 REF.:  DISCLOSURE UNDER REGULATIONS 30 OF THE SEBI (LISTING OBLIGATIONS AND
        DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("SEBI LISTING REGULATIONS").
 SUB.:  OUTCOME OF BOARD MEETING.

 

Change in Director

 

Rajiv Anand has been associated with the Bank since 2009. He is currently
serving as the Deputy Managing Director of the Bank since December 27, 2021
and has served as a whole-time Director since 2016.

 

We now wish to inform you that he will retire from the services of the Bank at
the close of business hours on August 3, 2025 upon completion of his third
term as a Director on the Bank's Board.

 

Rajiv has been instrumental in transforming the Corporate Bank and contributed
to building our retail franchise in its formative years. Rajiv has built and
groomed a strong team. We have a strong leadership pipeline at the Bank that
will ensure that our clients continue to receive best in class service and our
competitive positioning continues to improve.

 

Rajiv's association with the Axis group will continue after his retirement
from the Bank as Non-executive Chairperson of Axis Max Life Insurance
Limited. The Board and the management team places on record their
appreciation for his contributions to the Bank over the years and wishes him
very best in his future endeavours.

 

Change in Senior Management

 

We further wish to inform you that the Board of Directors at its meeting held
on April 25, 2025, has appointed:

 

1)   Sameer Shetty as Group Executive, DBAT and Strategic Programs with
effect from April 1, 2025.

2)   Bipin Saraf as Group Executive, Bharat Banking with effect from April
1, 2025.

3)   Rajkamal Vempati as Group Executive, Human Resources with effect from
April 1, 2025.

 

Sameer Shetty, Bipin Saraf  and Rajkamal Vempati are senior management under
the provisions of the extant applicable laws.

 

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

http://www.rns-pdf.londonstockexchange.com/rns/2820G_1-2025-4-25.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/2820G_1-2025-4-25.pdf)

 

The Board meeting commenced at 10:00 am (IST) and ended at 5:45 pm (IST).

 

This is for your information and records.

 

Thanking You.

 

Yours faithfully,

For Axis Bank Limited

 

 

 

Sandeep Poddar

Company Secretary

 

CC:

London Stock Exchange

Singapore Stock Exchange

 

 

 

 

 

 

 

Annexure A

 

 Sr.no.  Particulars                                                                Rajiv Anand                                                                Sameer Shetty                                                                   Bipin Saraf                                                                     Rajkamal Vempati
 i.      Reason for change                                                          Retirement upon completion of current tenure as Deputy Managing Director.  Appointment as Group Executive, DBAT and Strategic Programs                     Appointment as Group Executive, Bharat Banking                                  Appointment as Group Executive, Human Resources
 Ii      Date of appointment/ reappointment/ cessation & term of                    Date of cessation:                                                         Date of appointment:                                                            Date of appointment:                                                            Date of appointment:
         appointment/re-appointment

                                                                                    Close of business hours on August 3, 2025.                                 April 1, 2025                                                                   April 1, 2025                                                                   April 1, 2025
 iii     Brief profile (in case of appointment)                                     NA                                                                         Sameer Shetty heads Digital Business and Transformation at Axis Bank.           Bipin Kumar Saraf is a rank holder Chartered Accountant and Cost Accountant     Rajkamal Vempati is the President & Head of Human Resources at Axis Bank.

                                                                               and holds a bachelor's degree in commerce. He has more than 25 years of         Rajkamal is a member of the management committee. She graduated in science
                                                                                                                                                                                                                                               experience in the areas of finance and banking.  He joined Axis Bank in 2003    from Himachal Pradesh University and holds an MBA from XLRI Jamshedpur. She is

                                                                               and was in-charge of the corporate & financial advisory portfolio in the        a recipient of "Distinguished Alumnus Award" from XLRI, Jamshedpur
                                                                                                                                                               Before joining Axis Bank in 2019, Sameer worked with McKinsey as a Partner in   Eastern zone.

                                                                                                                                                               the financial services practice in Mumbai and Leader of the digital and

                                                                                                                                                               analytics practice for financial services.

                                                                               Prior to Axis Bank, she was heading Human Resources for ICICI Lombard General
                                                                                                                                                                                                                                               Subsequent to that, he was responsible for the structured products business     Insurance Company.

                                                                               under the capital markets department of Axis Bank Limited.

                                                                                                                                                               He has over 18 years of experience in digital and analytics domains across

                                                                                                                                                               geographies such as South East Asia, the Middle East & companies across         During his last stint with Axis Bank, he was Head of the global debt

                                                                                                                                                               India.                                                                          syndication business (International & Domestic). He has headed Axis

                                                                               Finance Ltd. as the MD & CEO for 13 years and was instrumental in setting
                                                                                                                                                               Sameer holds a Post Graduate Diploma in Management from IIM, Bangalore and a    up the wholly owned subsidiary NBFC under Axis Bank. Bipin recently moved to
                                                                                                                                                               Bachelor of Technology from IIT, Bombay.                                        the Bank as Head, Bharat Banking.

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

 

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