Axis Bank has announced the re-appointment of N. S. Vishwanathan as an Independent Director and Non-Executive (Part-time) Chairman, alongside the re-appointment of P. N. Prasad as an Independent Director. These leadership continuity measures were approved by the Board of Directors on April 25, 2026. Both directors bring extensive experience in banking and financial regulation to the institution as they continue their respective terms.
Continuity in Strategic Leadership
The Board of Directors at Axis Bank has finalized the re-appointment of two senior leaders, effective later this year and into 2027. These decisions were made upon the recommendation of the Nomination and Remuneration Committee to ensure stable governance and strategic oversight for the Bank.
Details of Board Re-appointments
N. S. Vishwanathan will continue in two critical roles. His second term as an Independent Director is scheduled for four years, running from May 30, 2027, to May 29, 2031. Additionally, he has been re-appointed as the Non-Executive (Part-time) Chairman for a three-year period, spanning from October 27, 2026, to October 26, 2029.
P. N. Prasad has also been re-appointed as an Independent Director for a four-year term. His new tenure will commence on October 20, 2026, and extend through October 19, 2030.
Background of Appointees
The re-appointed directors possess deep-rooted expertise in the financial sector. N. S. Vishwanathan is a career central banker who formerly served as the Deputy Governor of the Reserve Bank of India, with extensive experience in banking regulation and risk management. P. N. Prasad is a professional banker with over 37 years of experience, having previously served as the Deputy Managing Director at the State Bank of India, where he specialized in commercial banking and project finance.
Source: BSE
