The appointment was authorised by the financial institution’s board at its assembly on Saturday primarily based on the suggestions of the Nomination and Remuneration Committee and the Audit Committee, the lender mentioned in a regulatory submitting.
Additionally Learn: Axis Financial institution CFO Puneet Sharma resigns to pursue new alternatives
Mantri joins Axis Financial institution after stepping down as Government President and CFO of Bandhan Financial institution in June, the place he mentioned he was leaving to pursue one other alternative for profession development. Beneath Bandhan Financial institution’s discover interval coverage, his final working day is September 25, paving the best way for him to imagine his new position at Axis Financial institution three days later.
A finance government with almost three many years of expertise, Mantri has held senior management roles throughout banking and monetary companies, together with at Bandhan Financial institution, Citibank, Customary Chartered and Mashreq in India, Singapore and the UAE.
A Chartered Accountant and an INSEAD International Government MBA graduate, he has experience spanning finance, technique, regulatory engagement, capital administration, governance and enterprise transformation.
Mantri’s appointment comes amid a broader wave of management adjustments throughout India’s banking sector, as lenders reshuffle boardrooms and strengthen succession planning.Over the previous few weeks, HDFC Financial institution appointed former Axis Financial institution CFO Puneet Sharma as its subsequent finance chief and named former finance secretary Rajiv Kumar as part-time chairman, whereas State Financial institution of India employed former LIC finance head Sunil Agrawal as its CFO-designate. Kotak Mahindra Financial institution has additionally begun the seek for a successor to CEO Ashok Vaswani following his choice to step down later this 12 months.
Additionally Learn: Bandhan Financial institution CFO Rajeev Mantri resigns, to go away in September
Axis Financial institution mentioned Mantri satisfies the eligibility standards prescribed beneath the Reserve Financial institution of India’s Industrial Banks – Governance Instructions, 2025, for the appointment of a chief monetary officer.
