Axis Bank appoints NS Vishwanathan as Non-Executive (Part-time) Chairman

New Delhi: The Board of Directors of Axis Bank has approved the appointment of N. S. Vishwanathan, Independent Director as the Non-Executive (Part-time) Chairman of the Bank for a period of three years, subject to approval of the shareholders of the Bank and Reserve Bank of India.

His appointment will be effective from October 27, 2023 or the date of approval of his appointment by Reserve Bank of India (“Approval”) in case the Approval is not received prior to October 27, 2023.

Vishwanathan joined the Reserve Bank of India in 1981 and retired in March 2020 as the Deputy Governor. Vishwanathan also held other roles in his career, such as serving as the Director of Supervision at the Bank of Mauritius; Chief Vigilance Officer and Head of Internal Audit with the Industrial Financial Corporation of India.

Amitabh Chaudhry, MD & CEO, Axis Bank commented, “We are delighted and privileged to welcome Mr. Vishwanathan to the Axis family. His profound knowledge, understanding of the financial sector and expertise in navigating the regulatory landscape will augment strategic decision-making, while further enhancing our commitment to uphold the highest standards of compliance and corporate governance. With his presence on the Board, we are well-positioned to advance our agenda of sustainable growth and profitability.”

Nurani Subramanian Vishwanathan said, “I am delighted to join the esteemed board of Axis Bank, an institution par excellence. The Bank’s notable emphasis on corporate governance and sustainability has solidified its standing in the industry. I am keen to contribute to the Bank’s agenda and collaborate closely with the distinguished Board of Directors. The collective efforts will reinforce Axis Bank’s prominence as a market leader, delivering value to all stakeholders.”