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| Hemant Kaul leaves Axis Bank |
| Announcement / Banking Nov 02, 2009, 20:05 IST |
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Mr. Hemant Kaul, Executive Director, has resigned from Axis Bank to pursue career opportunities outside.
Mr. Kaul was associated with Axis Bank in various capacities since its inception. He was responsible for the development and expansion of its retail banking business to bring the bank to its current position.
Mrs. Shikha Sharma, MD &CEO, Axis Bank, said, “We value Hemant's contribution to the growth and accomplishments of the bank and we wish him every success in his future endeavours.”
About Axis Bank:
Axis Bank is the third largest private sector bank in India. We offer a vast spectrum of services encompassing Large and Mid-Corporate Banking, SME Banking, Agri-Business Banking, Retail Banking and International Banking. The Bank’s network in India spans more than 900 offices and over 3800 ATMs.
The Bank has embarked on creating a footprint in Asia and today has a presence in the major financial cities of Singapore, Hong Kong, Dubai and Shanghai. In addition, the Bank has also entered into strategic tie-ups and alliances with partner banks in UAE, Doha, Muscat (to be launched) to reach out to the NRIs in these geographies.
The Bank has set up five wholly-owned subsidiaries, Axis Sales Limited, Axis Private Equity Limited, Axis Trustee Services Limited, Axis Asset Management Company Limited and Axis Mutual Fund Trustee Limited.
The Bank carries out its corporate social responsibility initiative through Axis Bank Foundation set up in 2006 as a registered as a public trust. Each year the Bank transfers 1% of its net profit for the previous year to the Foundation (the maximum which the RBI permits).
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