REG - Axis Bank Ltd Axis Bank Ltd (144A) - Changes in Senior Management

Axis BankAnnouncement

14/03/2024 07:00

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RNS Number : 8407G  Axis Bank Limited  14 March 2024

AXIS/CO/CS/675/2023-24

 

March 14, 2024

 

 

Dear Sir(s),

 

REF.: DISCLOSURE UNDER REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND
DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("SEBI LISTING REGULATIONS")

 

SUB.: CHANGES IN SENIOR MANAGEMENT OF AXIS BANK LIMITED ("the Bank")

 

Pursuant to Regulation 30 of the SEBI Listing Regulations, we would like to
inform the following changes in the senior management of the Bank:

 

a)   Vijay Mulbagal has been appointed as Group Executive & Head of
Strategic Programs and Sustainability of the Bank with effect from March 14,
2024. He will work alongside the leadership team in shaping the agenda on key
strategic initiatives for the Bank, which require long-term strategic
foresight and near term thrust on execution. He joins the Bank from HDFC Bank,
where he was the Group Head - Large Corporates - Supply Chain Finance and had
led the renewed approach for Supply Chain Finance at HDFC Bank via reimagined
focus on Digital Stack, Products, Processes & Fintech Partnerships. He is
a senior management under the provisions of extant applicable laws.

 

b)   Ravi Narayanan wishes to pursue an entrepreneurial journey leveraging
on his 30+ years of corporate experience and has resigned from the role of
Group Executive - Retail Liabilities, Branch Banking & Products on March
13, 2024. Ravi Narayanan will be relieved from the services of the Bank at the
close of business on March 22, 2024. A copy of his resignation letter as
required under Schedule III, Part A, Para A (7C) of the SEBI Listing
Regulations is attached. The Bank places on record appreciation for Ravi's
contribution and wishes him the very best as he begins a new chapter outside
his distinguished corporate career.

 

The details required as per SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123
dated July 13, 2023, are enclosed as Annexure A.

 

This is for your information and records.

 

Thanking You.

 

Yours faithfully,

 

For Axis Bank Limited

 

 

Sandeep Poddar

Company Secretary

Encl: a/a

 

 

Annexure A

 

 Sr. No.  Particulars                                                                Vijay Mulbagal                                                                   Ravi Narayanan
 i.       Reason for change                                                          Appointment                                                                      Resignation
 ii.      Date of appointment/ re-appointment/ cessation & term of appointment/      Date of Appointment:                                                             Date of Cessation:

          re-appointment                                                             March 14, 2024                                                                   Close of Business on March 22, 2024

                                                                                     Term: Full time employment
 iii.     Brief profile (in case of appointment)                                     Vijay Mulbagal has over 25 years of experience in Corporate Banking, Supply      NA
                                                                                     Chain Finance, branch banking and digitization. He has held a gamut of
                                                                                     leadership roles across Corporate Banking and Consulting over his career and
                                                                                     led several digital transformation-related interventions on the wholesale
                                                                                     banking front redefining Customer Engagement, chaired steering committees on
                                                                                     transformation projects and driven broad adoption of digital interventions
                                                                                     across geographies to realize benefits, boost incomes and reduce costs. In his
                                                                                     most recent assignment as Group Head - Large Corporates - Supply Chain Finance
                                                                                     at HDFC Bank, he had led the renewed approach for Supply Chain Finance via
                                                                                     reimagined focus on Digital Stack, Products, Processes, & Fintech
                                                                                     Partnerships.
 iv.      Disclosure of relationship between directors (in case of appointment of a  NA                                                                               NA
          director)

 

Resignation of Ravi Narayanan, Senior Management of the Bank designated as
Group Executive, Retail Liabilities, Branch Banking & Products

 

http://www.rns-pdf.londonstockexchange.com/rns/8407G_1-2024-3-14.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/8407G_1-2024-3-14.pdf)

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