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14 Mar 2024 07:00
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/ re-appointment | Date of Appointment: March 14, 2024
Term: Full time employment | Date of Cessation: Close of Business on March 22, 2024 |
iii. | Brief profile (in case of appointment) | Vijay Mulbagal has over 25 years of experience in Corporate Banking, Supply 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. | NA |
iv. | Disclosure of relationship between directors (in case of appointment of a director) | NA | NA |
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
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