Axis Bank Names Rakesh Makhija As New Chairman

Private sector lender Axis Bank, on Tuesday, named Rakesh Makhija as its new Non-Executive Part-Time Chairman. Makhija, who is the Chairman of SKF India, will take over from current Axis Bank Chairman Sanjiv Mishra, when his term comes to an end on July 17.

“Pursuant to the recommendations of the Nomination & Remuneration Committee of Directors, the board of directors of the bank, at its meeting held today, approved the appointment of Rakesh Makhija, Independent Director, as the Non-Executive (Part-Time) Chairman of the bank, for a period of three years, with effect from July 18, 2019, up to July 17, 2022,” Axis Bank said in a regulatory filing.

Makhija, 67 is also a Director on the board of Tata Tech, Tata Marcopolo Motors and ATREDS, and has been an Independent Director on the board of Axis since October 2015.

RECENT NEWS

USAA To Expand Workforce In Chesapeake To Support Growing Membership

Company adding more than 500 employees in the area over the next two years Read more

USAA Advocates For Safe Driving Habits During 100 Deadliest Days Of Summer For Teens

New Safe Driving Simulator virtual experience helps drivers identify bad habits ahead of summer travels Read more

USAAs Poppy Wall Of Honor® Returns To National Mall For Sixth Year To Honor And Remember Fallen Service Members

Enhanced experience provides immersive storytelling to illustrate all that was given in service to our country Read more

USAA Appoints Brian Goldman As Chief Risk Officer

USAA announced today the appointment of Brian Goldman as its new Chief Risk Officer, effective May 27. Read more

Strong Financial Performance Reflects USAAs Unwavering Commitment To Members And The Military Community

Association added 1 million new members and continued to serve the military community and their families through enhance... Read more

USAA And The Valero Texas Open Join Forces To Honor Military Heroes

Service Members and Veterans to Receive Exclusive Benefits and Complimentary Access Read more