The Board of Directors of AXIS Bank have today approved the reappointment of Shri S. Vishvanathan (DIN 02255828 ), as an Independent Director of the Bank for his second term from 11th February 2020 upto 10th February 2023 (both days inclusive) i.e. upto expiry of his tenure of 8 years under Section 10A(2A) of the Banking Regulation Act, 1949, Section 149 of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, subject to the approval of the Shareholders of the Bank.
Shri S. Vishvanathan, 65 years, is an Independent Director of the Bank since 11th February 2015.
Shri S. Vishvanathan has done his M.Sc. in Physics, from St. Stephens' College, Delhi and has completed MBA and CAIIB. He has over 37 years of Banking experience with State Bank of India (SBI). Shri S Vishvanathan retired as Managing Director & GE (Associates & Subsidiaries) of SBI. Earlier, he was Dy. Managing Director (Mid Corporate), SBI.
Prior to that, he was Managing Director & CEO of SBI Capital Markets Limited (SBICAP) for more than 3 years from June 2009 to August 2012. Earlier, he was Chief General Manager of State Bank of India's North Eastern operations. He has served in several important capacities which included an assignment at New York Branch and stints as Regional Manager and Deputy General Manager in Delhi Circle and as General Manager (Global Markets).
Shares of AXIS BANK LTD. was last trading in BSE at Rs.717.55 as compared to the previous close of Rs. 729.5. The total number of shares traded during the day was 214633 in over 4640 trades.
The stock hit an intraday high of Rs. 735.25 and intraday low of 715. The net turnover during the day was Rs. 155444849.