Axis Bank has announced significant changes in its senior management team. The bank’s Board of Directors, following their meeting on July 18, 2025, approved the appointment of Neeraj Gambhir as Executive Director for a three-year term. Starting August 4 or from the date of approval by the Reserve Bank of India (RBI), whichever comes later. Concurrently, the bank’s Group Executive for Affluent Banking, Cards, Payments and Retail Lending, Arjun Chowdhry, has tendered his resignation to pursue entrepreneurial interests and will officially step down on August 31, 2025.
Neeraj Gambhir, currently serving as Group Executive for Treasury, Markets and Wholesale Banking Products, brings over three decades of expertise in financial markets, treasury operations, and wholesale banking. He has previously held senior leadership positions at Nomura India as Managing Director of its Fixed Income business, as well as key roles at Lehman Brothers India and ICICI Bank. Gambhir’s academic background includes a Bachelor’s in Engineering (Computer Science) and a Post Graduate degree in Business Management from the Indian Institute of Management (IIM) Lucknow. He is also associated with prominent financial sector bodies, serving as Chairman on Axis Asset Management Company and Axis Pension Fund Management boards, and he holds memberships on SEBI Advisory Committees and industry associations.
This executive appointment comes as the Reserve Bank of India continues to emphasize robust leadership structures for private banks, requiring a complement of Managing Director & CEO along with three whole-time directors. Gambhir’s extensive experience in treasury, risk management, and wholesale banking is expected to strengthen Axis Bank’s senior management and further its commitment to innovation and customer-focused growth.
Arjun Chowdhry, widely recognized for his leadership in integrating the Citibank India consumer business with Axis Bank post-acquisition, has played a critical role in expanding Axis Bank’s affluent banking, digital payments, and card segments. His departure, effective at the close of business on August 31, 2025, has been acknowledged by the bank with appreciation for his significant contributions over the years. Chowdhry is an alumnus of St. Stephen’s College, Delhi, and the Indian Institute of Management, Bangalore, and his tenure marks a transformative phase for Axis Bank’s retail and digital verticals.
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These strategic changes underscore Axis Bank’s focus on strong leadership and continued transformation in the evolving Indian banking sector.
