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Axis Bank is witnessing a senior management reshuffle

ICICIdirect Research 09 Jul 2026 DISCLAIMER

News: As per media sources, Axis Bank is witnessing a senior management reshuffle, with three senior executives stepping down amid an organisational restructuring of its corporate banking and treasury businesses. Anil Agarwal, President and Group Head – Institutional Clients Coverage, has resigned after more than two decades with the bank, while Vikas Shinde, former Head of Debt Capital Markets, and Jimmy Tavadia, Group Head of Trading, have also exited. The departures come shortly after the resignation of CFO Puneet Sharma, who is set to join HDFC Bank as CFO-designate, highlighting an ongoing leadership transition at the bank.

View: Sudden spate of resignations of senior executives across key businesses, creates near term uncertainty. Nonetheless, pace of leadership replacement and execution continuity will remain monitorable.

Impact: Neutral

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