The Reserve Bank of India (RBI) has approved the reappointment of Amitabh Chaudhry as the MD and CEO of the bank for 3 years from January 1, 2025. This appointment was approved by the shareholders in the 30th Annual General Meeting of the bank held in July. On October 24, 2024, the Reserve Bank of India has also given its final approval.

Chaudhary took over the leadership of Axis Bank in 2019 after a nine-year stint at HDFC Life. Since then he has played a key role in the bank's growth, driving the expansion of its retail banking services and digital capabilities, as well as strengthening its market position. Bank's profit increased The bank reported a profit of Rs 6,917.57 crore in the September 2024 quarter, up 18 per cent year-on-year. According to exchange filings, the Mumbai-based bank had reported a profit of Rs 5,864 crore in the same quarter of the previous fiscal. The bank's net interest income grew 10% to Rs 13,533 crore as against Rs 12,315 crore in the same period last year. The bank's stock closed 0.57 per cent higher at Rs 1,167 on Thursday. The bank's stock has seen a gain of 22.14 per cent in the last one year.