REG - Axis Bank Ltd Axis Bank Ltd (144A) - Re-appointment of Deputy Managing Director

Axis BankAnnouncement

10/01/2022 13:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220110:nRSJ9611Xa&default-theme=true

RNS Number : 9611X  Axis Bank Limited  10 January 2022

AXIS/CO/CS/544/2021-22

 

January 10, 2022

 

Dear Sir(s),

 

SUB:  RE-APPOINTMENT OF RAJIV ANAND AS THE DEPUTY MANAGING DIRECTOR OF THE
BANK.

 

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

 

This is to inform you that pursuant to the recommendation made by the
Nomination and Remuneration Committee of the Board of Directors of the Bank
(the "Board"), the Board at its meeting held on January 10, 2022 has
considered and approved the re-appointment of Rajiv Anand as the Deputy
Managing Director of the Bank including the terms and conditions and his
remuneration, for a further period of three (3) years, with effect from August
4, 2022 up to August 3, 2025 (both days inclusive). His re-appointment as
Deputy Managing Director for the aforesaid period is subject to the approval
of the Reserve Bank of India (the "RBI") and the Members of the Bank, in terms
of the relevant provisions of the Companies Act, 2013, the relevant Rules made
thereunder, the SEBI Listing Regulations, the Banking Regulation Act, 1949,
the Guidelines issued by the RBI in this regard and in accordance with the
Articles of Association of the Bank.

 

The brief profile of Rajiv Anand is attached herewith as Annexure A.

 

Please note that Rajiv Anand is not related to any other Director or Key
Managerial Personnel of the Bank. He is also not debarred from holding the
office of a Director by virtue of any order passed by SEBI or any other
Regulatory/ Statutory authority.

 

This is for your information and records.

 

Thanking You.

 

Yours Sincerely,

For Axis Bank Limited

 

 

 

Puneet Sharma

President & Chief Financial Officer

 

 

 

Annexure A

 

Rajiv Anand, aged 56 years, joined the Bank on May 1, 2013 from its asset
management arm, Axis Asset Management Co. Ltd., where he was the Managing
Director & CEO.

 

He was appointed as the President (Retail Banking) and was thereafter elevated
as the Group Executive (Retail Banking) in 2014. He was appointed as a
Director on the Board of the Bank effective May 12, 2016 and thereafter as the
Executive Director (Retail Banking) of the Bank, effective August 4, 2016.
Subsequently, he took over as the Executive Director (Wholesale Banking) of
the Bank, with effect from December 21, 2018.  He has now been re-designated
as the Deputy Managing Director of the Bank with effect from December 27,
2021.

 

Rajiv Anand is a Commerce graduate and a Chartered Accountant by
qualification.

 

Over a career spanning more than 30 years, Rajiv Anand has focused on various
facets of the financial services industry having held key management positions
at leading global financial institutions. He is widely recognized for his
experience in capital markets and successfully building new businesses to
scale. He is the co-chair of the Banking Task Force at CII- western region, a
member of National Committee on Banking at CII and holds several key positions
in other committees and industry bodies.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOABDGDBUUBDGDG