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MUMBAI - Axis Bank (NSE:AXBK) Limited has announced changes in its senior management, revealing the appointment of a new Chief Audit Executive (CAE (NYSE:CAE)) in a recent disclosure to regulatory authorities. S. Bhaskar will take over the role of CAE effective February 3, 2025, succeeding Vineet Agrawal, who is transitioning to another position within the bank.
The change in management was made public in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank’s disclosure indicated that S. Bhaskar’s term as CAE will extend for three years, concluding on February 2, 2028.
S. Bhaskar brings to the table more than 38 years of diverse experience, having held leadership roles in various sectors including consumer goods, chemicals, logistics, and financial services. Prior to joining Axis Bank, Bhaskar served as the Chief Internal Auditor at Tata Capital Ltd. He is also noted for his contributions to the internal audit and risk management community, including serving as a member of the Board of Trustees in the Global Internal Audit Foundation of the IIA Inc and participating in committees of prominent organizations such as the United Nations Office for Project Services and industry bodies like CII and ASSOCHAM.
The bank has not disclosed specific reasons for Vineet Agrawal’s change in role, other than indicating his cessation as CAE. The details of the management changes were enclosed in Annexure A of the disclosure.
The announcement is based on a press release statement and is intended to keep investors and the public informed of the latest developments within Axis Bank Limited. The bank is listed on several stock exchanges, including the London Stock Exchange (LON:LSEG) and the Singapore Stock Exchange.
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