It also elevated two senior executives – Rajiv Anand and Rajesh Dahiya as executive directors (EDs), they would also get a berth on the board of directors. Misra’s appointment came a day after he resigned as the bank’s non-executive chairman as a nominee of Special Undertaking of UTI.
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.
So let’s do:
1. Who is the appointed as Chairman of Axis Bank ?