MUMBAI - Axis Bank (NSE:AXBK) Limited has announced changes in its senior management, including the appointment of an interim Chief Audit Executive, following the resignation of the former executive due to personal reasons.
The bank disclosed that S. Bhaskar, who served as the Chief Audit Executive, resigned effective the close of business hours on Thursday, due to a personal crisis that requires him to be based outside of India indefinitely. The resignation was formally submitted in compliance with the SEBI Listing Regulations.
Following Bhaskar's departure, Bimal Bhattacharyya has been named the interim Chief Audit Executive of Axis Bank. His term commenced on Friday and is set to last for six months, ending on August 13, 2025, or until a permanent successor is appointed, whichever comes first.
Bhattacharyya brings over three decades of experience in the financial industry to the role, both within India and internationally. Prior to this appointment, he led the Subsidiary Governance Department at Axis Bank and has previously held the position of Chief Compliance Officer from June 14, 2021, to June 13, 2024. His vast experience includes managing compliance and control functions, as well as involvement in the working group of the Reserve Bank of India (NSE:BOI) for the preparation of draft guidelines for the rollout of Ind AS for banks.
This transition in the bank's senior management was reported to the relevant authorities, including the London Stock Exchange (LON:LSEG) and the Singapore Stock Exchange, fulfilling the bank's obligation under the SEBI Listing Regulations. The bank has ensured that all necessary details required by the SEBI circular dated November 11, 2024, have been provided.
The announcement is based on a press release statement from Axis Bank Limited and is intended for informational purposes.
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