Archive · 18 Jul 2025
Axis Bank Announces Executive Director, Group Executive Resigns
Axis Bank is changing its leadership.
Neeraj Gambhir will become an Executive Director for three years starting August 4, 2025, if the government agrees.
Another executive, Arjun Chowdhry, is leaving to start his own company, with his last day being August 31.
The bank also reported a decrease in its profits.
Axis Bank appointed Neeraj Gambhir as Executive Director for three years.
Gambhir's appointment is effective August 4, 2025, pending RBI approval.
Arjun Chowdhry resigned from his role as Group Executive to pursue entrepreneurship.
Chowdhry's last working day is August 31.
Axis Bank reported a 4% year-on-year fall in net profit for the quarter ended June.
- Who
- Neeraj Gambhir, Arjun Chowdhry, and Axis Bank.
- What
- Axis Bank appointed Neeraj Gambhir as Executive Director.
- When
- Effective August 4, 2025 (or later, pending regulatory approval).
- Where
- Not explicitly mentioned, but news relates to the bank's operations.
- Why
- To strengthen senior management and due to Chowdhry's resignation to pursue entrepreneurial ventures.
Departure
Appointment
Leadership Transition
Departure
Arjun Chowdhry's resignation
Appointment
Neeraj Gambhir's appointment
- New Executive Director
- Neeraj Gambhir
- Appointment Term
- 3 years
- Effective Date
- August 4, 2025 (or later)
- Resigning Executive
- Arjun Chowdhry
- Chowdhry's Last Day
- August 31
- Previous Role (Gambhir)
- Group Executive – Treasury, Markets and Wholesale banking products
- Net Profit Change
- 4% year-on-year fall for quarter ended June
