The Reserve Bank of India has approved the re-designation of whom as the Deputy Managing Director of Axis Bank in December 2021?

Option 3 : Rajiv Anand

The correct answer is Rajiv Anand.

• The Reserve Bank of India has approved the re-designation of Rajiv Anand as the Deputy Managing Director of Axis Bank on 27 December 2021.
• Anand is the Executive Director (Wholesale Banking) of the bank since December 2018.
• Anand had joined Axis Bank in May 2013 from its asset management arm, Axis Asset Management Co Ltd, where he was the MD & CEO.

• Recent Bank Related Appointments:
  • Axis Bank's board has approved the appointment of Ashish Kotecha, a nominee of Bain Capital, as an additional non-executive Director.
  • Kotak Mahindra Bank has appointed Ashu Suyash as an independent Director of the bank for a period of 5 years.
  • In December 2021, Ujjivan Small Finance Bank has appointed Ittira Davis as Managing Director and Chief Executive Officer (CEO) for a period of three years.
  • The Reserve Bank of India has approved the appointment of Baldev Prakash as Jammu & Kashmir Bank's Managing Director and CEO from 2022.
• Axis Bank:
  • It was formerly known as UTI Bank.
  • It sells financial services to large and mid-size companies, SMEs and retail businesses.
  • It is headquartered in Mumbai.
  • It was founded on 3 December 1993.