Private sector lender Axis Bank has appointed Sanjiv Misra as independent director and non-executive chairman for five years with effect from May 12, 2016.
- It is for the first time, the chairman is being appointment by the bank and not nominated by SUUTI (Specified Undertaking of the UTI) which has more than 11 per cent stake in Axis Bank.
- This follows a change made in the Articles of Association (AoA) of the bank.
- The bank also elevated Rajesh Dahiya and Rajiv Anand as executive directors.
- They will be on the board of the bank.
Axis Bank :
Headquarters- Mumbai, Maharashtra
(MD & CEO)- Shikha Sharma
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