Axis Bank has received official approval from the Reserve Bank of India (RBI) for the re-appointment of Munish Sharda as its Whole-Time Director, designated as Executive Director. This re-appointment, previously approved by the Bank’s Board of Directors on June 29, 2026, will be for a further period of three years, effective from February 27, 2027, up to February 26, 2030. The RBI’s nod ensures continued leadership stability for the bank.
RBI Greenlights Director’s Re-appointment at Axis Bank
Axis Bank announced on November 4, 2026, that it has received regulatory approval from the Reserve Bank of India (RBI) for the re-appointment of Munish Sharda as a Whole-Time Director. Sharda will continue to serve in his role as Executive Director.
Extended Tenure for Key Executive
This approval from the RBI follows an earlier resolution by the Bank’s Board of Directors on June 29, 2026, which sanctioned the re-appointment for a subsequent term. The new tenure is set to commence on February 27, 2027, and will extend for three years, concluding on February 26, 2030. This decision is subject to the final approval from the Bank’s shareholders.
The RBI’s clearance signifies confidence in the bank’s leadership and strategic direction, ensuring continuity in senior management for the specified period.
Source: BSE
