Axis Bank 144a Regulatory News (AXBA)

AXIS/CO/CS/378/2021-22

October 27, 2021

Dear Sir(s),

SUB: RE-DESIGNATION OF SHRI RAJIV ANAND AS 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 the Board of Directors of the Bank at its Meeting held today has re-designated Shri Rajiv Anand, Executive Director (Wholesale Banking) as the Deputy Managing Director of the Bank, on the existing terms and conditions, including remuneration, in terms of the relevant provisions of the Companies Act, 2013 read with the relevant Rules made thereunder, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the applicable provisions of the Banking Regulation Act, 1949, and the rules, guidelines and circulars issued by the Reserve Bank of India, in this regard, from time to time.

The said re-designation is subject to the approval of the Reserve Bank of India and the Shareholders of the Bank and will be effective from such date as may be approved by the Reserve Bank of India.

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

Further, please note that Shri Rajiv Anand is not related to any other Directors or Key Managerial Personnel of the Bank. He is not debarred from holding the office of a director, by virtue of any SEBI order or any other such authority.

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)

Annexure A

Rajiv Anand, 55 years, joined the Bank on 1st May 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 of the Bank on 12th May 2016 and thereafter as the Executive Director (Retail Banking) of the Bank, w.e.f. 4th August 2016. Subsequently, he took over as the Executive Director (Wholesale Banking) of the Bank, with effect from 21st December 2018. 

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

Over a career spanning more than 30 years, Shri 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 strengths in capital markets and successfully building new businesses to scale. He is on numerous industry level committees of industry bodies like CII and Bombay Chamber of Commerce.