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25/01/2022 18:19

Axis Bank Ltd. - Re-Appointment Of Rakesh Makhija As The Non-Executive (Part-Time) Chairman Of The Bank

This is to inform you that based on the recommendations made by the Nomination and Remuneration Committee of Directors, the Board of Directors of the Bank at its meeting held today i.e. January 25, 2022 approved the re-appointment of Rakesh Makhija (DIN: 00117692), as the Non-Executive (Part-time) Chairman of the Bank, including the terms and conditions and his remuneration, with effect from July 18, 2022 upto October 26, 2023 (both days inclusive), subject to the approval of the Reserve Bank of India ('the RBI') and the Members of the Bank, in terms of the Companies Act, 2013, the Banking Regulation Act, 1949, and the rules, guidelines and circulars issued by the RBI, from time to time, and the SEBI Listing Regulations.\r\n\r\nThe brief profile of Rakesh Makhija is attached herewith.