Date of appointment in terms of RBI approval

Dear Sir(s),

SUB.: APPOINTMENT OF SHRI RAJIV ANAND AND SHRI RAJESH DAHIYA, WHOLE TIME DIRECTORS OF THE BANK AS THE 'EXECUTIVE DIRECTOR (RETAIL BANKING) AND EXECUTIVE DIRECTOR (CORPORATE CENTRE)' OF THE BANK

REF : LETTER NO. AXIS/CO/CS/127/2016-17 DATED 12TH MAY, 2016 AND LETTER NO. AXIS/CO/CS/369/2016-17 DATED 22ND JULY, 2016

This is in reference to our letter no. AXIS/CO/CS/127/2016-17 dated 12th May, 2016, inter alia, informing you that the Board of Directors of the Bank at its meeting held on 12th May, 2016 approved the appointments of Shri Rajiv Anand as Whole-Time Director designated as Executive Director (Retail Banking) and Shri Rajesh Dahiya as Whole-Time Director designated as Executive Director (Corporate Centre) of the Bank, with effect from 12th May, 2016, subject to the approval of RBI and Shareholders of the Bank.

In this regard, we wish to inform you that the Reserve Bank of India vide its letter dated 4th August, 2016 has approved the appointment of Shri Rajiv Anand as Whole-Time Director designated as Executive Director (Retail Banking) and Shri Rajesh Dahiya as Whole-Time Director designated as Executive Director (Corporate Centre) of the Bank, for a period of 3 years, with effect from 4th August, 2016.

Further please note that the Shareholders of the Bank at its 22nd Annual General Meeting held on 22nd July, 2016 had already approved the said appointments, with requisite majority.

The brief profile of Shri Rajiv Anand and Shri Rajesh Dahiya are enclosed herewith. Further please note that Shri Rajiv Anand and Shri Rajesh Dahiya are not related to any other Directors of the Bank.

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

Girish V. Koliyote

Company Secretary

Encl : as above

Profile of Shri Rajiv Anand

Shri Rajiv Anand is a rank holding qualified Chartered Accountant and holds a Bachelor's degree in Commerce. He has over 25 years of experience in the financial services industry & was the Group Executive & Head, Retail Banking at Axis Bank. His portfolio includes Retail Liabilities, Retail Lending & Payments, Branch Banking, Retail Operations, Digital Banking, Marketing and Retail Products.

He has held key management positions at leading global financial institutions and has diverse experience in the financial services sector. He joined the Bank from its asset management arm, Axis Asset Management Co. Ltd., where he held the position of Managing Director & CEO. In his previous roles, he has managed Investments, balance sheet management & money market and bond trading. He has also been very successful as a Debt Fund Manager and has won several accolades for the same. He brings strengths in capital markets and building new businesses to his responsibilities at the Bank.

He is an avid sports lover and movie fan. Shri Anand's family consists of his wife who is a graphic design professional and two daughters.

Profile of Shri Rajesh Dahiya

Shri Rajesh Dahiya is an Engineer with a Masters in Human Resources Management. With over 25 years of experience in areas relating to Human Resource Marketing, Strategy, etc. He was the Group Executive & Head-Corporate Center at Axis Bank, prior to his appointment as an Executive Director (Corporate Centre) of the Bank. In his earlier role, he supervised all functions under Corporate Center - Audit, Human Resources, Compliance, Company Secretary, Corporate Communications, Administration & Security, Corporate Real Estate Services, Chief Business Relations Officer (CBRO), Ethics & Sustainability and Law. In addition, he was also overseeing the functioning of Axis Bank Foundation.

Before joining Axis Bank in June 2010, he was associated with Tata Group for 20 years where he handled various responsibilities across functions such as Human Resources, Manufacturing, Exports, Distribution and Institutional Sales. His last assignment before joining Axis Bank was with Tata Tea Limited where he was responsible for integrating various products of Tata Tea, Himalaya & Tetley under a common distribution channel. In his earlier role in Tata Group, he was Vice President - HR and Head - Tata Administrative Services (TAS). He also headed the Human Resources function for Rallis India Pvt. Ltd.

He has lived in various parts of the country and now a Mumbaikar living with his wife and two daughters. He devotes his free time to road travels, poetry, music and cityscape photography.