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Axis Bank Limited announced that the Reserve Bank of India (RBI) has approved the appointment of Subrat Mohanty as Executive Director of the Bank. This approval, conveyed via an RBI letter dated August 17, 2023, is for a period of three years, effective from August 17, 2023.
| Date | 17 Aug 2023 |
| Time | 16:46:00 |
| Category | Board changes |
| ID | 6912J |
AXIS/CO/CS/261/2023-24
August 17, 2023
Dear Sir(s),
REF.: DISCLOSURE UNDER REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.
SUB.: RBI APPROVAL - APPOINTMENT OF SUBRAT MOHANTY AS EXECUTIVE DIRECTOR OF AXIS BANK LIMITED ("BANK").
We refer to our letter no. AXIS/CO/CS/57/2023-24 dated April 28, 2023, informing that the Board of Directors of the Bank has approved the appointment of Subrat Mohanty (DIN: : 08679444), as an Whole-time Director, designated as "Executive Director" of the Bank (including his terms and conditions and remuneration), effective from (i) May 1, 2023; or (ii) the date of approval of his appointment by Reserve Bank of India ("RBI"), whichever is later.
In this regard, we now wish to inform you that the RBI vide its letter dated August 17, 2023, has approved the appointment of Subrat Mohanty as "Executive Director" of the Bank for a period of three years, w.e.f. August 17, 2023.
This is for your information and records.
Thanking You.
With warm regards,
For Axis Bank Limited
Sandeep Poddar
Company Secretary
CC: London Stock Exchange
Singapore Stock Exchange
http://www.rns-pdf.londonstockexchange.com/rns/6912J_1-2023-8-17.pdf