KERALA: The Axis Bank board has approved the re-appointment of Amitabh Chaudhry as its managing director and CEO. Chaudhary, 56, will serve in this capacity for three years, starting 1 January 2022.

In a regulatory filing, the private sector lender said that the re-appointment will be subject to the approval of the Reserve Bank of India (RBI) and shareholders of the bank. 

"The board of directors of the bank, considered and approved the proposal relating to re-appointment of Amitabh Chaudhry as the managing director and CEO of the bank, for a further period of three years, with effect from 01 January 2022  up to 31 December 2024," the bank said in the filing. 

It was on 1 January 2019 that Axis Bank initially appointed Chaudhary as its MD and CEO. As his three-year term comes to an end on 31 December 2021, the bank has decided to retain him in the same positions. 

Prior to joining Axis Bank, Chaudhry was MD and CEO of HDFC Standard Life Insurance Company. Under his leadership, HDFC Life emerged as one of India's largest private life insurers. Before that, he was the MD and CEO of Infosys BPO and the Head of testing unit of Infosys Technologies.