RBI Aapproves Appointment of Rakesh Makhija Axis Bank Chairman
- The Reserve Bank of India (RBI) has approved the appointment of Rakesh Makhija as the non-executive (part-time) chairman of the Axis Bank, for a period of 3 years, with effect from July 18, 2019, up to July 17, 2022.
- He will replace Sanjiv Misra whose term ends on July 17, 2019.
- In March 2019, the board of the Axis Bank had approved appointment of Makhija as chairman subject to RBI clearance.