Axis Bank, India’s third-largest private sector bank today announced that the Board of Directors have approved the appointment of Rajiv Anand, ED – Wholesale Banking as the Deputy Managing Director (DMD) of the Bank. The appointment is subject to further approvals from the RBI and shareholders of the Bank. In addition to leading Wholesale Banking, Rajiv would work closely with the Board in strengthening control and governance aspects.
Mr. Rakesh Makhija, Chairperson of the Board of Directors, Axis Bank said “Rajiv has made significant contributions through his various roles in the bank. We are extremely pleased to continue to get the benefit of his leadership and experience in this chapter of Axis’ growth and success.”
MD&CEO of Axis Bank, Amitabh Chaudhry said, “Rajiv has been instrumental in driving various key initiatives and has worked hand-in-hand with me to make the Bank a more robust, growth-focused organization, as we drive transformation under our GPS strategy.”
Rajiv carries more than 30 years of rich and diverse experience in financial services across Indian and MNC Banks. In his more than 12 years of association with Axis group, Rajiv has held multiple leadership positions such as MD&CEO of Axis AMC, ED – Retail Banking and the present role of ED – Wholesale Banking. Rajiv henceforth would also be leading the Bank’s strategic Digital Banking agenda impacting all parts of Axis franchise, along with Wholesale Banking, Marketing and Corporate Communications.