AXIS Bank Ltd. has announced that Shri K. N. Prithviraj, Nominee of SUUTI has ceased to hold office as the Non-Executive Director of the Bank, with effect from the close of business hours on January 08, 2016, upon completion of the maximum permissibie tenure of 8 continuous years, under Section 10 - A (2-A) of the Banking Regulation Act, 1949.