The Reserve Bank of India on Thursday approved the re-appointment of Amitabh Chaudhry as Managing Director of private sector Axis Bank for a period of three years.
The extended three-year term would be effective from January 1, 2022, Axis Bank said in a regulatory filing. ”The Reserve Bank of India vide its letter dated October 14, 2021, has approved the re-appointment of Amitabh Chaudhry as the Managing Director & CEO of the bank, with effect from January 1, 2022 till December 31, 2024,” it said.
The board of the bank had in April approved the extension of his tenure for further period of three years subject to regulatory clearance.
Amitabh is MD & CEO of Axis Bank since January 2019, before joining this, he had a long and successful stint of nine years at HDFC Life. Under his leadership, HDFC Life emerged as the finest, most technology savvy brand in the insurance space, and today, it is one of India’s largest private life insurers.
Prior to HDFC Life, Amitabh was the Managing Director & CEO of Infosys BPO and Head of the testing unit of Infosys Technologies Ltd. He was instrumental in building the BPO right from its inception and was later credited for making it an extremely profitable business, having presence across seven countries.
He started his career with Bank of America in 1987 and played diverse roles such as Head of Technology Investment Banking for Asia, Regional Finance Head for Wholesale Banking and Global Markets, Chief Finance Officer of Bank of America (India), and Relationship Manager in Wholesale Banking for Mumbai and Delhi.
He moved to Credit Lyonnais Securities in 2001as Head of Structured Finance practice and then also took over as the Head of Investment Banking franchise for South East Asia, before joining Infosys BPO in 2003.
Amitabh is currently the Chair of the FICCI Committee on Banking. He has served as Director on the Board of several reputed organizations and has received numerous awards and recognitions.
