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MUMBAI - Axis Bank (NSE:AXBK) Limited has disclosed changes in its management team, including the retirement of Deputy Managing Director Rajiv Anand, effective at the close of business on August 3, 2025, after completing his third term as a Director on the Bank’s Board. The announcement was made in a statement released on April 25, 2025.
Anand, who has been with Axis Bank since 2009, has played a significant role in the transformation of the Corporate Bank and the establishment of the retail franchise. Post-retirement, he will continue his association with the Axis group as the Non-executive Chairperson of Axis Max Life Insurance (NSE:LIFI) Limited. The Board and management team have expressed their gratitude for Anand’s contributions to the bank.
In addition to Anand’s retirement, the Board of Directors has appointed three new Group Executives as of April 1, 2025. Sameer Shetty has been named Group Executive of Digital Business and Transformation (DBAT) and Strategic Programs. Shetty, who joined Axis Bank in 2019, previously worked with McKinsey and has over 18 years of experience in digital and analytics.
Bipin Saraf has been appointed Group Executive of Bharat Banking. Saraf, a Chartered Accountant and Cost Accountant, has been with Axis Bank since 2003 and has a wealth of experience in finance and banking.
Rajkamal Vempati has been appointed Group Executive of Human Resources. Vempati, who was previously heading Human Resources for ICICI Lombard (NSE:ICIL) General Insurance Company, is a President & Head of Human Resources at Axis Bank and a member of the management committee.
The appointments are part of Axis Bank’s ongoing efforts to strengthen its leadership team and ensure the delivery of best-in-class service to its clients. The details of the management changes were provided in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and are based on a press release statement.
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