HDFC Life's Amitabh Chaudhry appointed as CEO & MD of Axis Bank

Chaudhry will replace outgoing MD & CEO Shikha Sharma whose term ends on December 31

Amitabh Chaudhry has been appointed managing director and chief executive of Axis Bank for a three-year term. He will take charge on January 1, 2019.

Chaudhry, 54, will succeed the current MD & CEO Shikha Sharma, whose term ends on December 31. Chaudhry, who’s MD & CEO at HDFC Life Insurance, has resigned from the post.

The board of private sector lender Axis Bank on Saturday vetted Chaudhry’s appointment after getting approval from the Reserve Bank of India (RBI), Axis Bank said in a statement. The bank board considered the terms and conditions relating to Chaudhry’s appointment including his remuneration. In July,