Private lender Axis Bank Limited announced the appointment of Vijay Mulbagal as Group Executive & Head of Strategic Programs and Sustainability, with effect from March 14, 2024. According to the company’s exchange filing, “Pursuant to Regulation 30 of the SEBI Listing Regulations, we would like to inform the following changes in the senior management of…
Axis Bank announced the appointment of Subrat Mohanty as a Whole-time Director on the company’s Board, with effect from May 1, 2023. According to the company’s exchange filing, “This is to inform you that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of Axis Bank Limited (“the Bank”) at…
Neelkanth Mishra, co-head of Asia Pacific strategy at Credit Suisse Group AG, has resigned from the company and is set to join Mumbai-based Axis Bank Ltd, according to Bloomberg report. A veteran of two decades at the Swiss bank, Mishra has agreed to helm Axis Bank’s research department, the people said, asking not to be…
Axis Bank, one of India’s largest private sector banks, has completed the acquisition of Citibank’s consumer business in an accelerated time frame of within 7 months post receipt of CCI approval. The deal has been closed with Axis Bank paying a total purchase consideration (after customary & contractual adjustments) of INR 11,603 Cr* to Citibank…
Supply chain finance platform CredAble has raised $9 million in a fresh funding round from Axis Bank. Existing investor Oaks Asset Management also participated in the funding round. Post funding, Axis Bank will acquire a 5% stake in the startup. The funding will be used to scale its growth plans. Founded by Nirav Choksi…
NIIT Digital Banking Academy, a joint initiative by Axis Bank, India’s private sector bank, and NIIT Institute of Finance, Banking and Insurance (NIIT IFBI), has launched its second programme for experienced IT professionals – “FinTech Engineering Programme” that offers a career as “FrontEnd and BackEnd Application Developers” with Freecharge, a digital platform for financial service’s…
Ezetap, a digital payments platform, has joined hands with Axis Bank to introduce the latest offering My Vyappar to retail businesses in India. The company said in a statement, “Through My Vyappar, Axis Bank will introduce a host of services enabling effective digital payments management for the merchants across the country. As part of the…
India’s private sector lender, Axis Bank, said its board has approved the re-appointment of Amitabh Chaudhry as its Managing Director and CEO for three years with effect from January 1, 2022, according to PTI report. “The board of directors of the bank.. considered and approved the proposal relating to re-appointment of Amitabh Chaudhry as the…
Escrowffrr, a unique, escrow focused, digital payments platform, has raised $150,000 in a pre-series investment round led by Inflection Point Ventures, the investor announced in an official release. The company was founded by Ashwin Chawwla in 2015. The company will utilize these funds to grow its escrow business beyond real estate as a category. In…
In a wave of resignations, at least 15000 employees have quit Axis Bank in the past few months. The maximum number of resignations came from mid-level to branch level executives. People familiar with the development said that the resignations are because of the new growth drive which employees were struggling to cope up with. According…
Axis Bank Ltd. has appointed Amit Talgeri as its chief risk officer for three years starting Jan. 1, 2020. He replaces Cyril Anand, who will retire from the services of the bank, with effect from close of business hours of Dec. 31, 2019, the private sector lender said in a statement to media. Additionally, Naveen…
Jairam Sridharan, Chief Financial Officer of Axis Bank, will be exiting from his role. The bank in its exchange filing informed that Sridharan has submitted his resignation and would be moving on to pursue other career opportunities. He will continue to serve as the Group Executive & Chief Financial Officer of the Bank under his notice period of three months. He had taken over the CFO role in October 2015.
Ratnakar Bank Limited, a scheduled commercial bank headquartered in the Mumbai region of Maharashtra, today announced the appointment of Pankaj Sharma as Chief Operations Officer. Pankaj will oversee the bank’s operations and corporate services function. He would be reporting to R. Gurumurthy, Head of Risk & Governance at the Bank. Previously, he was working with Axis…
The board of HDFC Life has announced Vibha Padalkar as its new Managing Director and CEO for a period of three years effective from today. She was earlier serving as the firm’s Executive Director and Chief Financial Officer. This comes after the resignation of current CEO Amitabh Chaudhry on September 8 to join Axis Bank as…