Axis Bank Limited announced on January 27, 2026, that its Board of Directors has approved the re-appointment of Subrat Mohanty as Whole-Time Director, designated as Executive Director. This re-appointment is for a further period of three years, commencing from August 17, 2026, and concluding on August 16, 2029. The appointment is subject to the approval of the Reserve Bank of India and the Bank's members, as per applicable laws. Subrat Mohanty will be liable to retire by rotation and is not related to any directors or key managerial personnel of the Bank. He has not been debarred from holding any directorship by regulatory authorities. In addition, the Board announced changes in senior management. Following the retirement of Prashant Joshi, the current Chief Credit Officer, effective from the close of business hours on June 30, 2026, Sudipto Nag has been appointed as the new Chief Credit Officer. This appointment will be effective from July 1, 2026. Consequently, Sudipto Nag will be recognized as senior management personnel, while Prashant Joshi will cease to hold this designation from their respective effective dates. Sudipto Nag is a seasoned banking professional with extensive expertise in credit policy, risk management, and governance. He currently oversees credit portfolio strategy and performance across retail, SME, and rural lending at Axis Bank and has over 24 years of experience in financial services.
