Axis Bank plans organisational recast, synergy with subsidiaries

In December 2018, the bank announced that Rajiv Anand, executive director-retail banking has taken over as the executive director-wholesale banking

Axis Bank’s newly inducted Chief Executive and Managing Director Amitabh Chaudhry is reworking the organisation’s structure, adding new roles as part of its larger growth strategy.

With a plank of “One Axis”, to project a combined offering from parent (bank) and its subsidiaries, it is giving a thrust on synergy to get more share in customer wallet.

The bank will announce restructuring of its retail and wholesale segments, effective April 1, to avoid existing overlaps and clarifying the organisational structure. The bank’s wholesale structure will be divided between coverage and products and it also plans to relook at its retail structure and