RBI clears Subrat Mohanty’s reappointment as Axis Bank Executive Director for three years

said on Wednesday that the Reserve Bank of India has approved the reappointment of as , designated as , for a further term of three years.

In a filing to the stock exchanges, the bank said Mohanty’s new term will run from August 17, 2026, to August 16, 2029.

“This is in continuation of our letter no. AXIS/CO/CS/570/2025-26 dated January 27, 2026 intimating you that the Board of Directors of the Bank had approved the re-appointment of Subrat Mohanty as the Whole-Time Director (designated as Executive Director) of the Bank, for a further period of three years with effect from August 17, 2026 up to August 16, 2029 (both days inclusive), subject to the approval of the Reserve Bank of India and the shareholders of the Bank,” read the statement.

The reappointment had earlier been cleared by the bank’s board in January, subject to regulatory and .

Axis Bank added that the RBI conveyed its approval through a letter dated April 29, 2026. The appointment will also require the nod of the bank’s shareholders.

“We now wish to inform you that the Reserve Bank of India vide its letter no. CO.DOR. HGG No.S859/08.86.001/2026-27 dated April 29, 2026, has approved the above mentioned reappointment,” it added.

Mohanty is part of the bank’s and has been serving as Executive Director.