Axis Bank has re-appointed Subrat Mohanty as Whole-Time Director for three years starting August 17, 2026, subject to regulatory approvals. Sudipto Nag will become Chief Credit Officer from July 1, 2026, following the retirement of Prashant Joshi on June 30, 2026. These changes aim to strengthen the bank’s leadership team.
Leadership Changes at Axis Bank
Axis Bank has announced the re-appointment of Subrat Mohanty as Whole-Time Director (designated as Executive Director) for a further period of three years, effective from August 17, 2026, up to August 16, 2029. This re-appointment is subject to the approval of the Reserve Bank of India (RBI) and the members of the bank.
New Chief Credit Officer Appointed
Effective July 1, 2026, Sudipto Nag will assume the role of Chief Credit Officer. This follows the retirement of Prashant Joshi, who will step down from the position at the close of business hours on June 30, 2026. As a result of this change, Sudipto Nag will be classified as a senior management personnel.
Subrat Mohanty’s Profile
Subrat Mohanty, aged 49 years, currently leads Retail & Wholesale Banking Operations, IT & Digital Banking, Business Intelligence, Group Strategy & Subsidiary Governance, Customer Experience, Vigilance and Internal Audit at Axis Bank. He has over 24 years of experience across various industries and was previously the Group President of Manipal Education & Medical Group.
Sudipto Nag’s Expertise
Sudipto Nag is described as a senior banking professional with expertise in credit policy design, portfolio risk management, debt servicing, governance, and enterprise-wide credit risk management. He currently heads Retail Portfolio Management Group and is focused on leveraging AI to strengthen risk assessment and debt service management.
Source: BSE
