Axis Bank Limited informed that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of Axis Bank Limited ("the Bank") at its meeting held i.e. April 28, 2023, has approved the appointment of Subrat Mohanty (DIN: 08679444) as a Whole-time Director, designated as "Executive Director" of the Bank (including his terms and conditions and remuneration), effective from (i) May 1, 2023; or (ii) the date of approval of his appointment by Reserve Bank of India ("RBI"), whichever is later. The above appointment is for a period of 3 (three) years and is subject To Approve the shareholders of the Bank and RBI. Subrat Mohanty would be liable to retire by rotation.

Subrat Mohanty, age 46 years is the Group Executive ­ Banking Operations & Transformation at Axis Bank Limited since October, 2020. He leads all functions under Retail & Wholesale Banking Operations, Information Technology, Strategy and Business Intelligence Unit of the Bank. Subrat Mohanty, age 46 years is the Group Executive ­ Banking Operations & Transformation at Axis Bank Limited since October, 2020.

He leads all functions under Retail & Wholesale Banking Operations, Information Technology, Strategy and Business Intelligence Unit of the Bank. Subrat holds a Bachelor's degree in Mechanical Engineering from NIT, Rourkela and has an MBA from Indian Institute of Management, Calcutta.