Challenging times ahead for Axis Bank's new MD and CEO Amitabh Chaudhry

The new CEO will need to review the bank's processes to keep the loan book healthy. He was MD & CEO at HDFC Life Insurance

Amitabh Chaudhry, 54, will have a challenging job when he takes over as managing director and chief executive officer of private lender Axis Bank in January next year.

In addition to challenges such as reining in non-performing assets (NPAs) and boosting profits, Chaudhry will have to repair the bank’s reputation, build internal controls, and improve regulatory relations. He will succeed Shikha Sharma, whose term ends in December.

Dwelling on priorities before Chaudhry, Ashvin Parekh, managing partner at Ashvin Parekh Advisory Services LLP, said building a quality loan book, forming an effective senior management team and having constructive relations with regulators