Axis Bank board has cleared the re-appointment of Amitabh Chaudhry as the Managing Director and chief executive officer of the bank for three years more years, starting January 2022 up to December 31, 2024.
The re-appointment is, however, subject to the approval of the banking regulator Reserve Bank of India (RBI) and the shareholders of the bank. “Amitabh Chaudhry is not related to any other director or key managerial personnel of the bank,” Axis Bank said in a statement.
Chaudhry, 56, holds an engineering degree from Birla Institute of Technology and Science, Pilani and Post Graduate in Business Management from IIM, Ahmedabad. He associated with Axis Bank in January 2019, after leading HDFC Life as its MD & CEO for a little less than a decade.
Under his guidance, HDFC Life emerged as one of India’s largest private life insurers. Earlier, Chaudhry was the MD and CEO of Infosys BPO and the Head of testing unit of Infosys Technologies Ltd.
He led the setting-up of the BPO right from its inception and was later credited for making it an extremely profitable business having presence across seven countries.
Chaudhry began his career with Bank of America in 1987 and played diverse roles such as Head of Technology Investment Banking for Asia, Regional Finance Head for Wholesale Banking and Global Markets, and Chief Finance Officer of Bank of America (India).
He joined Credit Lyonnais Securities in 2001 as the Head of Investment Banking franchise for South East Asia and helped structuring the finance practice for Asia before joining Infosys BPO in 2003.