Axis Bank said that its board approved the appointment of Rakesh Makhija, independent director as the non-executive (part-time) chairman of the bank, for three years, with effect from 18 July 2019 upto 17 July 2022, subject to the approval of the Reserve Bank of India and the shareholders of the bank. The existing term of Dr. Sanjiv Misra, non-executive (part-time) chairman of the bank will expire with effect from the close of business hours on 17 July 2019. The announcement was made after market hours yesterday, 12 March 2019.
