Axis Bank informed stock exchanges that Sanjeev Moghe, Group Head: Branch Banking – South, has resigned to pursue an opportunity outside the bank. He will be relieved from services at the close of business on October 30, 2026.

The resignation was tendered on October 4, 2026. Moghe served as Senior Management Personnel and will cease to hold this designation upon his relief date. The bank acknowledged his contributions during his tenure in a formal disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tenure and Leadership Context

Moghe joined the lender in March 2018. Over an eight-year tenure, he led the Cards and Payments division before assuming responsibility for Branch Banking in the South geography. His departure marks a shift in senior leadership within the retail banking segment.

In his resignation letter addressed to Rajkamal Vempati and Munish Sharda, Moghe cited a desire to pursue an external career move. He emphasized his commitment to ensuring a smooth handover process before his exit.

Regulatory Disclosures

The bank submitted required details pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026. The disclosure included the reason for cessation, date of relief, and confirmation that no brief profile or director relationship disclosures were applicable for this resignation.

Management Transition

Axis Bank placed on record its appreciation for Moghe's valuable contributions. The institution wished him success in future endeavors. The resignation letter was attached as Annexure A to the exchange filing, while compliance details were enclosed as Annexure B.

This change affects the senior management structure responsible for branch operations in the southern region. The bank did not disclose immediate succession plans in the initial filing.

Axis Bank shares worth ₹98.31 crore were flagged by a real-time trade-scanning system on BSE, with approximately 800,211 shares changing hands at ₹1,228.50 per share.

This is a real-time large-trade signal, not a confirmed block or bulk deal. NSE/BSE publish official block and bulk deal reports only after market close — this trade may or may not appear there.

Large-trade signal details

The following details were captured from the flagged activity:

The signal reflects a cluster of trades in Axis Bank shares printed within a short window at or near ₹1,228.50, flagged for size and speed by the scanning system. No buyer, seller, broker, or client identity is known at this stage, as such disclosures are made only by the exchange after market close.

What this signal means

This activity represents trade-level data and should not be interpreted as a confirmed regulatory event. Official exchange disclosures are separate and follow their own timelines and thresholds.

What this is, and isn't: this reflects trade-level activity — a cluster of trades in the stock above, printed within a short window at or near the quoted price, for a combined value as stated. It is generated by our real-time trade-scanning system and is not, by itself, evidence of a block or bulk deal.

A block deal has to be executed in the exchange's dedicated window (8:45–9:00am or 2:05–2:20pm), within a set price band, and above the current minimum order size (₹25 crore). A bulk deal is when one client's total trading in a stock crosses 0.5% of its equity in a single day — confirmed only once every trade that client made is added up.

Both are published by NSE/BSE after trading hours end, typically after 3:30pm — never before. If this trade qualifies as either, it will appear in the exchange's own report later today, not here first.