REG - Axis Bank Ltd Axis Bank Ltd (144A) - Update

Axis BankAnnouncement

28/04/2026 11:30

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RNS Number : 2416C  Axis Bank Limited  28 April 2026

AXIS/CO/CS/50/2026-27

 

April 25, 2026

 

 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/Madam,

 

 REF.:  DISCLOSURE UNDER REGULATION 30 and 51 OF THE SEBI (LISTING OBLIGATIONS AND
        DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("SEBI LISTING REGULATIONS")
 SUB.:  RE-APPOINTMENT OF INDEPENDENT DIRECTORS AND NON EXECUTIVE (PART-TIME) CHAIRMAN
        OF AXIS BANK LIMITED ("BANK").

 

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, we wish to inform that based on the
recommendations of the Nomination and Remuneration Committee, the Board of
Directors of the Bank at its meeting held today i.e. Saturday, April 25, 2026
has approved the following:

 

a)    Re‑appointment of N. S. Vishwanathan (DIN: 09568559) as an
Independent Director of the Bank for second term of four years, with effect
from May 30, 2027 up to May 29, 2031 (both days inclusive), subject to
approval of the members of the Bank.

b)    Re‑appointment of N. S. Vishwanathan (DIN: 09568559) as a
Non‑Executive (Part‑time) Chairman of the Bank for a further period of
three years with effect from October 27, 2026 till October 26, 2029 (both days
inclusive), subject to approval of the members of the Bank and Reserve Bank of
India.

c)    Re‑appointment of P. N. Prasad (DIN: 07430506) as an Independent
Director of the Bank for second term of four years with effect from October
20, 2026 up to October 19, 2030 (both days inclusive), subject to approval of
the members of the Bank.

 

Please note that N. S. Vishwanathan and P. N. Prasad are not debarred from
holding the office of Director by virtue of any order of SEBI or any other
statutory authority.

 

The details required pursuant to SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed
as Annexure A.

 

The brief profile for both the directors is enclosed as Annexure B.

 

The meeting commenced at 9.00 am (IST) and concluded at 4:30 pm (IST).

 

This is for your information and records.

 

Yours faithfully,

 

For Axis Bank Limited

 

 

Sandeep Poddar

Company Secretary

CC:

London Stock Exchange

Singapore Stock Exchange

Annexure A

 

 Sr. No.            Particulars                                      N. S. Vishwanathan                                                               P. N. Prasad
 (a)                Reason for change                                Re-appointment as an Independent Director and Non-Executive (Part-time)          Re-appointment as an Independent Director of the Bank.
                                                                     Chairman of the Bank.

 (b)                Date of reappointment and term of reappointment  Independent Director: Four years with effect from May 30, 2027 up to May 29,     Four years with effect from October 20, 2026 up to October 19, 2030 (both days
                                                                     2031 (both days inclusive).                                                      inclusive).

                                                                     Non‑Executive (Part‑time) Chairman:  Three years with effect from October
                                                                     27, 2026 till October 26, 2029 (both days inclusive).
 (c)                Disclosure of relationship between directors     N. S. Vishwanathan is not related to any other Directors or Key Managerial       P. N. Prasad is not related to any other Directors or Key Managerial Personnel
                                                                     Personnel of the Bank                                                            of the Bank

 

 

 

Annexure B

 

N. S. Vishwanathan

 

N. S. Vishwanathan, age 67 years, has been a career Central Banker. He joined
the Reserve Bank of India in 1981 as a Direct Recruit Officer and rose through
the rank and retired as Deputy Governor in March 2020.

 

He has varied experience as a central banker including handling administrative
functions for RBI. As the Deputy Governor, he has handled the Banking,
non-banking and cooperative banking regulation, governance, internal control,
risk management functions and human resource management of RBI and
enforcement.

 

During his illustrious career, he handled the role of Director - Supervision
Bank of Mauritius (Central Bank of Mauritius) and acted as the Chief Vigilance
Officer and Head of Internal Audit, Industrial Financial Corporation of India.
He was also a member of the Board of Securities and Exchange Board of India
between July 2016 till March 2020.

 

He holds a master's degree in economics and a bachelor's degree in arts from
Bangalore University and has completed advanced leadership programme from
Judge Business School, Cambridge University, UK.

 

P. N. Prasad

 

P. N. Prasad, age 65 years, is a professional banker with more than 37 years
of experience. He joined State Bank of India (SBI) on December 9, 1983 as
Probationary Officer and retired as the Deputy Managing Director of SBI on May
31, 2020. At the time of superannuation, he was heading the Commercial Clients
Group, the Corporate Banking Vertical of State Bank of India. He was also
heading the Project Finance & Structuring SBU of the Bank, the only such
SBU focused on project and infrastructure finance among all the banks in
India.

 

At SBI, he has handled leadership roles for more than 25 years in multiple
fields of banking with specialization in core commercial banking, risk
management, corporate banking - project finance & structuring, stressed
asset management and resolution, strategy & business planning, client
relationship, trade finance operations, alternative investments, international
banking, audit and compliance, human resource development, treasury
management, agriculture and rural economy and small scale industries.

 

He holds Master's degree in Science and is a Certified Associate of Indian
Institute of Bankers.

 

 http://www.rns-pdf.londonstockexchange.com/rns/2416C_1-2026-4-28.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/2416C_1-2026-4-28.pdf)

 

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