Re-appointment of Deputy Managing Director

AXIS/CO/CS/544/2021-22

January 10, 2022

Dear Sir(s),

SUB: RE-APPOINTMENT OF RAJIV ANAND AS THE DEPUTY MANAGING DIRECTOR 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 pursuant to the recommendation made by the Nomination and Remuneration Committee of the Board of Directors of the Bank (the "Board"), the Board at its meeting held on January 10, 2022 has considered and approved the re-appointment of Rajiv Anand as the Deputy Managing Director of the Bank including the terms and conditions and his remuneration, for a further period of three (3) years, with effect from August 4, 2022 up to August 3, 2025 (both days inclusive). His re-appointment as Deputy Managing Director for the aforesaid period is subject to the approval of the Reserve Bank of India (the "RBI") and the Members 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 in accordance with the Articles of Association of the Bank.

The brief profile of Rajiv Anand is attached herewith as Annexure A.

Please note that Rajiv Anand 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.

This is for your information and records.

Thanking You.

Yours Sincerely,

For Axis Bank Limited

Puneet Sharma

President & Chief Financial Officer 

Annexure A

Rajiv Anand, aged 56 years, joined the Bank on May 1, 2013 from its asset management arm, Axis Asset Management Co. Ltd., where he was the Managing Director & CEO.

He was appointed as the President (Retail Banking) and was thereafter elevated as the Group Executive (Retail Banking) in 2014. He was appointed as a Director on the Board of the Bank effective May 12, 2016 and thereafter as the Executive Director (Retail Banking) of the Bank, effective August 4, 2016. Subsequently, he took over as the Executive Director (Wholesale Banking) of the Bank, with effect from December 21, 2018. He has now been re-designated as the Deputy Managing Director of the Bank with effect from December 27, 2021.

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

Over a career spanning more than 30 years, Rajiv Anand has focused on various facets of the financial services industry having held key management positions at leading global financial institutions. He is widely recognized for his experience in capital markets and successfully building new businesses to scale. He is the co-chair of the Banking Task Force at CII- western region, a member of National Committee on Banking at CII and holds several key positions in other committees and industry bodies.