Appointment and Re-Appointment of Directors

AXIS/CO/CS/159/2019-20

22nd May 2019

Dear Sir(s),  

SUB: Appointment and Re-Appointment of Directors.

REF: SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("LISTING REGULATIONS")

This is to inform you that at the 197th meeting of the Board of Directors of the Bank (the Board) held today, the following items of business were transacted and approved by the Board:-

RE-APPOINTMENT OF DIRECTORS

1) Approved the re-appointment of Shri Rajiv Anand as the Executive Director (Wholesale Banking) of the Bank for a period of 3 years, w.e.f. 4th August 2019 upto 3rd August 2022 (both days inclusive) on the terms and conditions relating to the said re-appointment, including remuneration, subject to the approval of the RBI and the Shareholders of the Bank. The brief profile of Shri Rajiv Anand is attached herewith for your ready reference.

Further, please note that Shri Rajiv Anand is not related to any other Director or Key Managerial Personnel of the Bank.

We affirm that Shri Rajiv Anand is not debarred from holding the office of Director by virtue of any order of the Securities and Exchange Board of India or any other Regulatory/Statutory Authority.

2) Approved the re-appointment of Shri Rajesh Dahiya as the Executive Director (Corporate Centre) of the Bank for a period of 3 years, w.e.f. 4th August 2019 upto 3rd August 2022 (both days inclusive) on the terms and conditions relating to the said re-appointment, including remuneration, subject to the approval of the RBI and the Shareholders of the Bank. The brief profile of Shri Rajesh Dahiya is attached herewith for your ready reference.

Further, please note that Shri Rajesh Dahiya is not related to any other Director or Key Managerial Personnel of the Bank.

We affirm that Shri Rajesh Dahiya is not debarred from holding the office of Director by virtue of any order of the Securities and Exchange Board of India or any other Regulatory/Statutory Authority.

APPOINTMENT OF DIRECTOR

3) Approved the appointment of Shri Pralay Mondal as a Director and as a Whole-Time Director designated as the "Executive Director (Retail Banking)" of the Bank for a period of 3 years, w.e.f. 1st August 2019 upto 31st July 2022 (both days inclusive) on the terms and conditions relating to the said appointment, including remuneration, subject to the approval of the RBI and the Shareholders of the Bank. The brief profile of Shri Pralay Mondal is attached herewith for your ready reference.

Further, please note that Shri Pralay Mondal is not related to any other Director or Key Managerial Personnel of the Bank.

We affirm that Shri Pralay Mondal is not debarred from holding the office of Director by virtue of any order of the Securities and Exchange Board of India or any other Regulatory/Statutory Authority.

You are requested to take the above on record and bring this to the notice of all concerned.

Kindly acknowledge receipt.

Thanking You.

Yours sincerely,

For Axis Bank Limited

Girish V Koliyote

Company Secretary

Brief Profile of Shri Rajiv Anand - Executive Director (Wholesale Banking)

Shri Rajiv Anand, 53 years, joined the Bank on 1st May 2013 from its Asset Management arm, Axis Asset Management Co. Ltd., where he was the Managing Director & CEO.

Shri Rajiv Anand is a Commerce graduate and a Chartered Accountant by qualification.

He was appointed as the President (Retail Banking) and was thereafter elevated as the Group Executive (Retail Banking) of the Bank in 2014. He was appointed as the Executive Director (Retail Banking) of the Bank, w.e.f. 4th August 2016. Subsequently, he took over as the Executive Director (Wholesale Banking) of the Bank, with effect from 21st December 2018.

Over a career spanning more than 28 years, Shri Rajiv Anand has focused on various facets of the financial services industry having held key management positions at leading global financial institutions. He has also been very successful as a debt fund manager and has won several accolades for the same. He brings strength in capital markets and building new businesses to his responsibilities at the Bank.

Brief Profile of Shri Rajesh Dahiya - Executive Director (Corporate Centre)

Shri Rajesh Dahiya, 51 years, was appointed as a Director of the Bank on 12th May 2016 and thereafter as the Executive Director (Corporate Centre) of the Bank, w.e.f. 4th August 2016. Prior to his appointment as the Executive Director (Corporate Centre) of the Bank, he was the Group Executive & Head - Corporate Centre of the Bank. He is a qualified engineer with a Masters in Management from Punjab University.

Before joining the Bank on 1st June 2010, he was associated with Tata Group for 20 years where he handled various responsibilities across functions such as agricultural input distribution, Human Resources, Manufacturing, Exports, Distribution and Institutional Sales.

In his current role, he supervises all functions under Corporate Centre viz. Internal Audit, Human Resources, Compliance, Company Secretary, Corporate Communications, Administration & Security, Corporate Real Estate Services, Corporate Social Responsibility, Ethics & Sustainability and Law. In addition, Shri Dahiya also oversees the functioning of the Axis Bank Foundation.

Brief Profile of Shri Pralay Mondal - Executive Director (Retail Banking)

Shri Pralay Mondal, 53 years, is an engineer from IIT, Kharagpur and a management graduate from IIM, Calcutta. He has rich and varied experience of over 30 years in Retail Banking, Business Banking, Products and Technology.

Before joining Axis Bank, Shri Pralay Mondal was Senior Group President - Retail & Business Banking at YES Bank Limited. He was entrusted with the responsibility of building the entire Retail Franchise of YES Bank, which included entire Retail Liability, Branch Banking, Retail Assets, Retail Fees and Payments Franchise including Credit Cards and Merchant Acquiring. He was also overseeing the Rural Banking Assets, PSL Portfolio, Micro Finance businesses & SME/Business Banking.

Shri Pralay Mondal created a robust scalable franchise through the best in class and committed senior leadership team, and built a strong delivery channel through technology and operations which was the backbone to support the business growth. Shri Pralay Mondal also used to frequently meet the Investors and Analysts and have been part of the core group engaging with relevant people in India or overseas to represent the YES Bank for raising capital. He was on the Board of YES Securities (India) Limited, wholly owned subsidiary of YES Bank.

Before joining YES BANK, Shri Pralay Mondal was Group Head, Retail Assets & Payments Business at HDFC Bank (2000 - 2012), prior to which he had built the Liability Sales Franchise in HDFC Bank. He was also on the Board of HDB Financial (NBFC & 100% subsidiary of HDFC Bank) and HBL Global, holding Sales Company of HDFC Bank. Shri Pralay Mondal was part of the 4 member Senior Management Team, comprising of the MD, ED and CFO of HDFC Bank, who used to interact with Global and Local Investors and Analysts.

Shri Pralay Mondal started his career as a Management Trainee in Colgate Palmolive and also worked in Wipro Infotech and Digital Equipment (India) Limited before taking up his career in Banking with Standard Chartered Bank in 1996.