New Delhi: The Reserve Bank of India has approved the re-designation of Rajiv Anand as Deputy Managing Director of Axis Bank, the lender said on Monday.
In October this year, the bank’s board of directors approved the re-nomination of Rajiv Anand as the bank’s deputy managing director, subject to the approval of the Reserve Bank of India and the bank’s shareholders.
“The Reserve Bank of India, vide its letter dated December 27, 2021, has approved the re-designation of Rajiv Anand as Deputy Managing Director of the Bank and co-terminus with his sanctioned period of appointment till August 3, 2022 (both days inclusive),” Axis Bank said in a regulatory filing.
Anand is the Executive Director (Wholesale Banking) of the bank since December 2018.
Anand, 55, joined Axis Asset Management Company Limited, the asset management arm of Axis Bank, in May 2013, where he was the Managing Director and CEO.
Anand was appointed as the bank’s director in May 2016 and thereafter as executive director (retail banking) in August 2016.
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