Axis Bank Ltd. executed a substantial block trade on the National Stock Exchange (NSE), marking significant institutional trading activity in the banking sector. The transaction represents one of the notable block deals in the financial services space.

Transaction Details

The block trade involved a considerable volume and value, reflecting institutional participation in the bank's equity.

Block Trade Significance

Block trades are typically executed by institutional investors, mutual funds, insurance companies, or other large stakeholders who need to transact substantial volumes without affecting regular market prices. These transactions are conducted outside the normal trading mechanism to minimize market impact.

The execution price of Rs. 1353.10 per share for this transaction indicates the level at which institutional participants were willing to trade the bank's equity. Such transactions often reflect strategic portfolio adjustments or investment decisions by large financial institutions.

Market Implications

The substantial value of Rs. 25.68 crores involved in this block trade demonstrates continued institutional interest in Axis Bank's equity. Block trades of this magnitude typically indicate confidence from large investors and suggest active participation from institutional stakeholders in the banking sector.

Axis Bank Limited's Board of Directors has approved significant leadership appointments, including the re-appointment of a key executive director and changes in senior management positions. The decisions were announced following a board meeting held on January 27, 2026, demonstrating the bank's commitment to leadership continuity and strategic management transitions.

Executive Director Re-appointment

The board has approved the re-appointment of Subrat Mohanty as Whole-Time Director, designated as Executive Director, for an additional three-year term. The appointment details are structured as follows:

Subrat Mohanty, aged 49 years, joined Axis Bank in October 2020 and currently leads multiple critical functions including Retail & Wholesale Banking Operations, IT & Digital Banking, Business Intelligence, Group Strategy & Subsidiary Governance, Customer Experience, Vigilance and Internal Audit. The bank confirmed that Mohanty is not related to any directors or key managerial personnel and has not been debarred by SEBI or other regulatory authorities.

Professional Background and Experience

Subrat Mohanty brings over 24 years of diverse industry experience to his role. His career progression includes significant leadership positions across multiple sectors:

• Previous Role: Group President at Manipal Education & Medical Group, overseeing business performance and strategy across Education, Healthcare, and Insurance divisions
• Insurance Sector: Chief Operating Officer at HDFC Life Insurance Company Limited, managing Strategy, Operations, Technology, Digital and Health Insurance functions
• Technology Consulting: Multiple leadership roles at Infosys covering Operations, Solutions, Strategy, and technology-led Transformation Programs
• Career Start: Began professional journey with Andersen Consulting (now Accenture)

His educational qualifications include a Bachelor's degree in Mechanical Engineering from NIT, Rourkela and an MBA from Indian Institute of Management, Calcutta.

Senior Management Transition

The bank announced a planned leadership transition in the Chief Credit Officer position, ensuring smooth continuity in credit operations:

New Chief Credit Officer Profile

Sudipto Nag brings extensive expertise in credit policy design, portfolio risk management, debt servicing, governance, and enterprise-wide credit risk management. In his current role as President & Head – Retail Portfolio Management Group, he oversees credit portfolio strategy and performance across retail, SME, and rural lending segments.

Key aspects of his professional background include:

• Experience: 24 years in financial services
• Specialization: Credit policy frameworks, portfolio risk management through multiple credit cycles
• Innovation Focus: Leveraging AI to strengthen risk assessment, debt allocation design and debt service management
• Asset Quality: Strong focus on NPA containment and asset quality maintenance
• Education: MBA from Utkal University

Board Meeting Details

The board meeting commenced at 09:30 am (IST) on January 27, 2026, with the leadership appointments approved at 3:45 p.m. The decisions were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance and transparency in corporate governance matters.