Axis Bank Extends Amitabh Chaudhry's Term As MD & CEO Until 2027
This extension, effective from 1 January 2025, is contingent upon regulatory approval from RBI and the bank's shareholders
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Axis Bank has announced the re-appointment of Amitabh Chaudhry as its Managing Director & Chief Executive Officer (MD & CEO) until December 31, 2027.
This extension, effective from 1 January 2025, is contingent upon regulatory approval from the Reserve Bank of India (RBI) and the bank's shareholders, according to a regulatory filing by the lender.
Chaudhry, aged 59, has led Axis Bank since 1 January 2019, leveraging his extensive experience gained during his tenure at HDFC Standard Life Insurance (HDFC Life), where he served as CEO for over nine years, the bank stated.
Before joining HDFC Life, Chaudhry held the position of MD & CEO at Infosys BPO.
Educationally, he holds a degree in Engineering from Birla Institute of Technology and Science, Pilani, and a Post Graduate degree in Business Management from IIM Ahmedabad.
Meanwhile, Axis Bank reported a net profit of ₹7,130 crore for the fourth quarter of FY24. In the same quarter of the previous financial year, the lender had reported a loss of ₹5,728.4 crore.
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