RBI clears Subrat Mohanty’s reappointment as Axis Bank Executive Director for three years
April 29, 2026
Axis Bank announced a significant development today. The Reserve Bank of India has given its approval for Subrat Mohanty's reappointment. He will continue to serve as Executive Director for another three-year term. This new tenure is set to begin on August 17, 2026. Mohanty's extended role will conclude on August 16, 2029.
Synopsis
Axis Bank announced a significant development today. The Reserve Bank of India has given its approval for Subrat Mohanty's reappointment. He will continue to serve as Executive Director for another three-year term. This new tenure is set to begin on August 17, 2026. Mohanty's extended role will conclude on August 16, 2029.
Axis Bank said on Wednesday that the Reserve Bank of India has approved the reappointment of Subrat Mohanty as Whole-Time Director, designated as Executive Director, for a further term of three years.
In a filing to the stock exchanges, the bank said Mohanty’s new term will run from August 17, 2026, to August 16, 2029.
"This is in continuation of our letter no. AXIS/CO/CS/570/2025-26 dated January 27, 2026 intimating you that the Board of Directors of the Bank had approved the re-appointment of Subrat Mohanty as the Whole-Time Director (designated as Executive Director) of the Bank, for a further period of three years with effect from August 17, 2026 up to August 16, 2029 (both days inclusive), subject to the approval of the Reserve Bank of India and the shareholders of the Bank," read the statement.
The reappointment had earlier been cleared by the bank’s board in January, subject to regulatory and shareholder approvals.
Axis Bank added that the RBI conveyed its approval through a letter dated April 29, 2026. The appointment will also require the nod of the bank’s shareholders.
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"We now wish to inform you that the Reserve Bank of India vide its letter no. CO.DOR. HGG No.S859/08.86.001/2026-27 dated April 29, 2026, has approved the above mentioned reappointment," it added.
Mohanty is part of the bank’s senior management team and has been serving as Executive Director.
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Axis Bank announced a significant development today. The Reserve Bank of India has given its approval for Subrat Mohanty's reappointment. He will continue to serve as Executive Director for another three-year term. This new tenure is set to begin on August 17, 2026. Mohanty's extended role will conclude on August 16, 2029.
Axis Bank said on Wednesday that the Reserve Bank of India has approved the reappointment of Subrat Mohanty as Whole-Time Director, designated as Executive Director, for a further term of three years.
In a filing to the stock exchanges, the bank said Mohanty’s new term will run from August 17, 2026, to August 16, 2029.
"This is in continuation of our letter no. AXIS/CO/CS/570/2025-26 dated January 27, 2026 intimating you that the Board of Directors of the Bank had approved the re-appointment of Subrat Mohanty as the Whole-Time Director (designated as Executive Director) of the Bank, for a further period of three years with effect from August 17, 2026 up to August 16, 2029 (both days inclusive), subject to the approval of the Reserve Bank of India and the shareholders of the Bank," read the statement.
The reappointment had earlier been cleared by the bank’s board in January, subject to regulatory and shareholder approvals.
Axis Bank added that the RBI conveyed its approval through a letter dated April 29, 2026. The appointment will also require the nod of the bank’s shareholders.
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"We now wish to inform you that the Reserve Bank of India vide its letter no. CO.DOR. HGG No.S859/08.86.001/2026-27 dated April 29, 2026, has approved the above mentioned reappointment," it added.
Mohanty is part of the bank’s senior management team and has been serving as Executive Director.
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