Axis Bank on Saturday said that Amitabh Chaudhry has been appointed as the MD and CEO of the bank for a period of three years from Jan 1, 2019 to December 31, 2021.
He has tendered his resignation from HDFC Life as MD and CEO.
Amitabh Chaudhry will replace Shikha Sharma to become the MD and CEO of the bank after she demits her term in December 31.
"The Board of Directors of the bank at its meeting held today has taken on record the approval granted by the Reserve Bank of India (RBI) to the appointment of Amitabh Chaudhry as the Managing Director & CEO of the Bank, for a period of three years, with effect from I" January 2019 up to 31" December 2021 (both days inclusive)," Axis Bank said in a filing to the BSE.
CNBC-TV18 first reported on Amitabh Chaudhry being the frontrunner for Axis Bank top job on August 3,2018.
Axis Bank received Reserve Bank of India's approval in the appointment of Amitabh Chaudhry as the MD and CEO of the bank.