Axis Bank has announced the cessation of Girish Paranjpe’s tenure as an Independent Director. This change is effective from the close of business hours on November 1, 2026, following the completion of his term. The bank’s Board and management expressed gratitude for his valuable contributions and guidance during his service.
Board Composition Update
Axis Bank Limited has officially informed stakeholders about the conclusion of Mr. Girish Paranjpe’s term as an Independent Director. His tenure with the bank officially ceased at the close of business on Sunday, November 1, 2026. This cessation is in line with the completion of his designated term, as provided under the Banking Regulation Act, 1949.
Appreciation for Service
The Board of Directors and the entire management team of Axis Bank extended their deep appreciation for the guidance and significant contributions provided by Mr. Paranjpe during his period of service as an Independent Director. His role was instrumental in shaping the bank’s strategic direction and governance framework.
Source: BSE
