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

Axis BankAnnouncement

14/10/2021 15:30

RNS Number : 1416P
  
Axis Bank Limited
  
14 October 2021
  
 

AXIS/CO/CS/361/2021-22
 
October 14, 2021
 
Dear Sir(s),
 
SUB:  RE-APPOINTMENT OF AMITABH CHAUDHRY AS THE MANAGING DIRECTOR & CEO OF THE BANK. 
 
REF: REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("SEBI LISTING REGULATIONS")
 
This is in continuation of our letter no. AXIS/CO/CS/32/2021-22 dated April 29, 2021 intimating you about the decision of the Board of Directors of the Bank at its meeting held on April 27, 2021 which continued on April 28, 2021, relating to the re-appointment of Amitabh Chaudhry as the Managing Director & CEO of the Bank, for a further period of 3 years, w.e.f. January 01, 2022 up to December 31, 2024 (both days inclusive) subject to the approval of the Reserve Bank of India and the Shareholders 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 the Articles of Association of the Bank. 
 
In this regard, we wish to inform you that the Reserve Bank of India vide its letter dated October 14, 2021, has approved the re-appointment of Amitabh Chaudhry as the Managing Director & CEO of the Bank, w.e.f. January 01, 2022 till December 31, 2024 (both days inclusive).
 
You are requested to take note of above and arrange to bring it to the notice of all concerned.
 
Thanking You. 
 
Yours Sincerely,
For Axis Bank Limited 
 
 
 
Rajesh Dahiya
Executive Director (Corporate Centre) 
 
 

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