Axis Bank has re-appointed Subrat Mohanty as Whole-Time Director, designated as Executive Director, for three years effective August 17, 2026. Sudipto Nag will succeed Prashant Joshi as Chief Credit Officer from July 1, 2026, following Joshi’s retirement. These changes aim to strengthen the bank’s leadership and senior management team.
Executive Leadership Continuity
Axis Bank’s Board has approved the re-appointment of Subrat Mohanty as Whole-Time Director, also designated as Executive Director. The re-appointment is set for a term of three years, commencing on August 17, 2026, and extending through August 16, 2029. This decision is pending approvals from the Reserve Bank of India (RBI) and the bank’s members. Mohanty currently leads Retail & Wholesale Banking Operations, IT & Digital Banking, among other key functions.
Senior Management Changes
The bank also announced changes in its senior management. Prashant Joshi, the current Chief Credit Officer, will retire effective the close of business on June 30, 2026. Subsequently, Sudipto Nag will take over as the new Chief Credit Officer starting July 1, 2026. Nag brings extensive experience in credit policy, risk management, and portfolio strategy.
Sudipto Nag’s Background
Sudipto Nag is a seasoned banking professional with 24 years of experience. He currently oversees credit portfolio strategy and performance across retail, SME, and rural lending. Prior to this appointment, he was President & Head – Retail Portfolio Management Group at Axis Bank Limited. His expertise includes driving innovation in credit risk assessment and debt service management.
Source: BSE
