Axis Bank on Tuesday received approval from the Reserve Bank of India (RBI) to appoint Munish Sharda as the executive director of the company.
“We refer to our letter no. AXIS/CO/CS/390/2023-24 dated October 26, 2023, informing that the Board of Directors of the Bank has approved the appointment of Munish Sharda (DIN: 06796060), as a Whole-time Director, designated as “Executive Director” of the Bank (including his terms and conditions and remuneration), effective from (i) November 1, 2023; or (ii) the date of approval of his appointment by Reserve Bank of India (“RBI”), whichever is later,” the company said in an exchange filing.
“In this regard, we now wish to inform you that the RBI vide its letter dated February 27, 2024, has approved the appointment of Munish Sharda as “Executive Director” of the Bank for a period of three years, w.e.f. February 27, 2024,” it added.
