RBI Approves Subrat Mohanty's Reappointment as Executive Director of Axis Bank

Original: RBI clears Subrat Mohanty’s reappointment as Axis Bank Executive Director for three years

The Economic Times•Apr 29, 20262 min

In a Nutshell

The Reserve Bank of India has approved the reappointment of Subrat Mohanty as Executive Director of Axis Bank for another three years, effective from August 17, 2026, to August 16, 2029. This decision follows the bank's board approval and is pending shareholder consent.

Key Points

01Subrat Mohanty reappointed as Executive Director of Axis Bank.
02New term effective from August 17, 2026, to August 16, 2029.
03Approval received from the Reserve Bank of India.
04Board of Directors had previously approved the reappointment in January.
05Shareholder approval is still required for final confirmation.

In-Article Ad

Full Summary

Axis Bank announced that the Reserve Bank of India (RBI) has approved the reappointment of Subrat Mohanty as Executive Director for a new term of three years, spanning from August 17, 2026, to August 16, 2029. This decision follows the bank's board approval in January, which was...

Key Figures

3 years

Duration of reappointment

August 17, 2026

Start date of new term

August 16, 2029

End date of new term

April 29, 2026

Date of RBI's approval letter

In-Article Ad

Why It Matters

The reappointment of Subrat Mohanty is expected to bring continuity in leadership at Axis Bank, which could positively influence the bank's strategic direction and stability.

Who is affected

Axis Bank employees, shareholders, and customers.

What to know

Shareholders should prepare for the upcoming vote on Mohanty's reappointment.

FAQ

Subrat Mohanty's new term as Executive Director will last for three years, from August 17, 2026, to August 16, 2029.

The reappointment required approval from the Reserve Bank of India and the shareholders of Axis Bank.

✦