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AXIS Bank Ltd appoints Shri Amitabh Chaudhry as MD and CEO

Posted On: 2018-12-10 09:37:20

The Board of Directors of AXIS Bank Ltd at its meeting held today has appointed Shri Amitabh Chaudhry (DIN: 00531120) as an Additional Director of the Bank and to hold office as such till the conclusion of the ensuing Annual General Meeting and as the Managing Director & CEO of the Bank, for a period of 3 years, with effect from 1st January 2019 on the terms and conditions relating to the said appointment, including remuneration, as approved by the RBI, subject to the approval of the Shareholders of the Bank.

Shri Amitabh Chaudhry, age 54 years, was the Managing Director & CEO of HDFC Standard Life Insurance Company Ltd ("HDFC Life"). He has been associated with HDFC Life since January 2010.

Shri Chaudhry is a B. Tech in (Electronics & Electricals) from the Birta Institute of Technology & Science, Pilani and is an alumnus of Indian Institute of Management, Ahmedabad.

Shri Chaudhry started his career in the Corporate Banking with Bank of America in 1987, where he worked in diverse roles ranging from Country Finance Officer, Head of Wholesale and GCMG Finance in Asia Division and thereafter as Managing Director and Head Technology Investment Banking, Asia. Shri Chaudhry was also associated with CAL YON Bank (formerly Credit Lyonnais Securities Asia (CLSA), as its Managing Director, Head South East Asian Investment Banking and Head Technology Investment Banking. Prior to joining HDFC Life, he joined Infosys BPO Ltd. in 2003 and was elevated as its Managing Director & CEO in 2006. He was also Head - Independent Validation & Testing Unit (IVS) of Infosys Technologies Ltd.

Shares of AXIS BANK LTD. was last trading in BSE at Rs.603.85 as compared to the previous close of Rs. 600.35. The total number of shares traded during the day was 543577 in over 5411 trades.

The stock hit an intraday high of Rs. 608.5 and intraday low of 592.7. The net turnover during the day was Rs. 327568437.


Source: Equity Bulls

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