Axis Bank on October 27 said the board of the bank hasre-designated Rajiv Anand, Executive Director (Wholesale Banking) as the Deputy Managing Director of the Bank, on the being terms and conditions, including remuneration in terms of applicable vittles of the Companies Act 2013, the bank said in an exchange form.
The saidre-designation is subject to the blessing of the Reserve Bank of India (RBI) and the shareholders of the Bank and will be effective from similar date as may be approved by the Reserve Bank of India, the bank said.
Amitabh Chaudhry, MD & CEO, Axis Bank said, “ Rajiv has been necessary in driving colorful crucial enterprise and has worked hand-in- hand with me to make the Bank a more robust, growth concentrated association, as we drive metamorphosis under our GPS strategy.”
The bank also said that Rajiv Anand isn’t related to any other Directors or Crucial Directorial Help of the bank.
Anand, joined the bank in May 2013 from its asset operation arm Axis Asset ManagementCo.Ltd. where he was the MD & CEO. Originally appointed as President (Retail banking) and was elevated as the Group Executive (Retail Banking) in 2014. He was elevated to the part of administrative director for retail banking in August 2016, and he took over as administrative director for noncommercial banking in December 2018.
Anand is a commerce graduate and a chartered accountant by qualification.
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