Axis Bank has appointed Rajeev Mantri as its Chief Financial Officer (CFO) and Key Managerial Personnel, effective September 28, 2026. The decision was taken by the Board of Directors at its meeting held on July 18, 2026, based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee. Mantri will be part of the Senior Management of the Bank.

The appointment follows the resignation of Puneet Sharma from the position of CFO and Key Managerial Personnel. Mantri satisfies the qualifications and conditions prescribed under the Reserve Bank of India (Commercial Banks - Governance) Directions, 2025, for the role of CFO.

Rajeev Mantri, aged 49 years, is a seasoned financial services leader with nearly three decades of experience across banking, financial services, credit information, consumer goods, and international financial institutions. Prior to this role, he served as the Executive President and Chief Financial Officer at Bandhan Bank, leading a team of over 150 members spanning financial planning, accounting, controls, reporting, and investor relations.

His career includes tenures at leading global and Indian banks such as Citibank, Standard Chartered, and Mashreq across India, Singapore, and the UAE. Mantri is a Chartered Accountant from ICAI India and holds a Global Executive MBA from INSEAD Business School, Singapore.

The Board meeting commenced at 9.00 am IST and concluded at 3:55 pm IST. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Axis Bank has received final listing approval for US$100,000,000 Additional Tier 1 Notes carrying a coupon rate of 6.875% per annum. The notes are listed on the Global Securities Market of the India International Exchange (IFSC) Limited and the Debt Securities Market of the NSE IFSC Limited. This issuance strengthens the bank's capital base and will be consolidated with the US$500,000,000 6.875% Additional Tier 1 Notes issued on June 30, 2026, bringing the total aggregate for the series to US$600,000,000.

The allotment was completed on July 14, 2026, in accordance with applicable laws and regulatory requirements. The bank disclosed this development under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. These perpetual instruments are unsecured and rank junior to the bank's Senior Notes.

Key Details of the Additional Issuance

The bank had previously allotted US$300,000,000 Senior Notes, categorized as Series 10, on June 30, 2026. These notes have a tenor of five years maturing on June 30, 2031, and offer a coupon of 5.348% per annum. The Additional Tier 1 Notes rank junior to these Senior Notes. The notes are not being offered or sold to persons resident in India or the United States.