In December 2021, the Axis Bank's board has approved the appointment of whom as its new additional non-executive Director for three years terms?

Option 2 : Ashish Kotecha

The correct answer is Ashish Kotecha.

• Axis Bank's board has approved the appointment of Ashish Kotecha, a nominee of Bain Capital, as an additional non-executive Director.
• His appointment is for 3 yrs till Dec 2024, or till the time the entities affiliated to Bain Capital are directly holding in the aggregate at least 2% equity capital in the bank.

• He joined Bain Capital Private Equity in 2010 and he is now its MD.

• In November 2021, Axis Bank has signed an MoU with the Indian Navy to offer a defence service salary package under the ‘’Power Salute’’ initiative.
• In October 2021, the Reserve Bank of India (RBI) has approved the re-appointment of Amitabh Chaudhry as Managing Director and Chief Executive Officer of private lender Axis Bank for a period of three years.
  • Axis Bank Founded: 3 December 1993;
  • Axis Bank Headquarters: Mumbai
  • Axis Bank Chairperson: Shri Rakesh Makhija.