The Reserve Bank of India (RBI) approved the re-appointment of Amitabh Chaudhry as Managing Director and Chief Executive Officer of private lender Axis Bank for a period of three years.
The extended three-year term will be effective from January 1, 2022, as per a regulatory filing by the bank to the stock exchanges.
''The Reserve Bank of India vide its letter dated October 14, 2021, has approved the re-appointment of Amitabh Chaudhry as the Managing Director & CEO of the Bank, w.e.f. January 01, 2022 till December 31, 2024 (both days inclusive),'' said the bank's statement.
The board of Axis Bank cleared the extension of his tenure for a period of three years, subject to regulatory clearance.
Amitabh had taken charge as Axis Bank’s new MD and CEO in January 2019 after as outgoing MD and CEO Shikha Sharma retired, effective December 31, 2018.