Axis Bank shares are in focus after the private lender announced key leadership changes, including the appointment of Neeraj Gambhir as Whole-time Director and the resignation of senior executive Arjun Chowdhry.
In a regulatory filing on Friday, Axis Bank said its Board of Directors approved the appointment of Neeraj Gambhir as Executive Director (Whole-time Director) for a term of three years starting August 4, 2025, or from the date of RBI approval, whichever is later. His appointment is subject to shareholder and RBI approvals.
Gambhir, who currently serves as Group Executive – Treasury, Markets, and Wholesale Banking Products, brings over three decades of experience in the Indian financial sector. He has previously held leadership roles at Nomura India, Lehman Brothers, and ICICI Bank, contributing to the development of India’s financial markets and serving on several SEBI advisory committees.
Meanwhile, Arjun Chowdhry, Group Executive – Affluent Banking, Cards, Payments and Retail Lending, has decided to pursue entrepreneurial interests and tendered his resignation. He will be relieved from his duties at the close of business on August 31, 2025. The Board recorded its appreciation for his contributions during his tenure.
These decisions were taken at the bank’s board meeting held earlier on Friday.
The leadership reshuffle underscores Axis Bank’s focus on strengthening its senior management team and aligning leadership with the bank’s growth strategy in an evolving financial landscape.
