The Reserve Bank on Thursday authorized re-appointment of Amitabh Chaudhry as managing director of personal sector Axis Financial institution for a interval of three years.

The prolonged three-year time period could be efficient from January 1, 2022, Axis Financial institution stated in a regulatory submitting. ”The Reserve Bank of India vide its letter dated October 14, 2021, has authorized the re-appointment of Amitabh Chaudhry because the Managing Director & CEO of the financial institution, with impact from January 1, 2022 until December 31, 2024,” it stated.

The board of the financial institution had in April authorized the extension of his tenure for additional interval of three years topic to regulatory clearance.

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