RE-APPOINTMENT OF THE MANAGING DIRECTOR & CEO

Dear Sir(s),

SUB:  RE-APPOINTMENT OF SHRI AMITABH CHAUDHRY AS THE MANAGING DIRECTOR & CEO OF THE BANK

REF: REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ('SEBI LISTING REGULATIONS')

This is to inform you that at the 214^th meeting of the Board of Directors (the "Board") of the Bank held on 27^th April 2021 which continued on 28^th April 2021, as recommended by the Nomination & Remuneration Committee of Directors, the Board has on 28^th April 2021, considered and approved the proposal relating to re-appointment of Shri Amitabh Chaudhry as the Managing Director & CEO of the Bank, for a further period of 3 years, w.e.f. 1^st  January 2022 up to 31^st December 2024 (both days inclusive) subject to the approval of the Reserve Bank of India(RBI) and the Shareholders of the Bank, in terms of the relevant provisions of the Companies Act, 2013, the relevant Rules made thereunder, the SEBI Listing Regulations, the Banking Regulation Act, 1949, the Guidelines issued by the RBI in this regard and the Articles of Association of the Bank.

The brief profile of Shri Amitabh Chaudhry is attached herewith as Annexure A.

Further, please note that Shri Amitabh Chaudhry is not related to any other Director or Key Managerial Personnel of the Bank. He is also not debarred from holding the office of a Director by virtue of any order passed by SEBI or any other Regulatory/ Statutory authority.

You are requested to take note of above and arrange to bring it to the notice of all concerned.

Thanking You.

Yours Sincerely,

For Axis Bank Limited

Girish V. Koliyote

Company Secretary

Encl.: As above.

Profile of Shri Amitabh Chaudhry

Shri Amitabh Chaudhry, 56 years, is the Managing Director and Chief Executive Officer of Axis Bank.

Shri Amitabh Chaudhry, is an Engineer from Birla Institute of Technology and Science, Pilani and Post Graduate in Business Management from IIM, Ahmedabad.

He joined the Bank in January 2019, after successfully leading HDFC Life as its Managing Director & CEO for nine years. Under his leadership, HDFC Life emerged as the finest brand in the insurance space and is today one of India's largest private life insurers.

Prior to HDFC Life, Shri Amitabh Chaudhry was the Managing Director & CEO of Infosys BPO and the Head of testing unit of Infosys Technologies Ltd. He was instrumental in building the BPO right from its inception and was later credited for making it an extremely profitable business having presence across seven countries.

Shri Amitabh Chaudhry started his career with Bank of America in 1987 and played diverse roles such as Head of Technology Investment Banking for Asia, Regional Finance Head for Wholesale Banking and Global Markets, and Chief Finance Officer of Bank of America (India). He moved to Credit Lyonnais Securities in 2001 as the Head of Investment Banking franchise for South East Asia and successfully structured the finance practice for Asia before joining Infosys BPO in 2003.

Shri Amitabh Chaudhry is a Member of the Committee of Directors, Special Committee of the Board of Directors for Monitoring of Large Value Frauds, Risk Management Committee, IT Strategy Committee, Acquisitions, Divestments and Mergers Committee and Chairman of the Customer Service Committee, Review Committee and Committee of Whole-time Directors of the Bank.