AXIS Bank532215Routine director change
Rahul Shukla appointed Group Head, Commercial and Bharat Banking
Senior management change at the Bank.
By ScoutQuest · · 1 min read
- Appointee
- Rahul Shukla as Group Head, Commercial and Bharat Banking
- Effective Date
- October 19, 2026
- Age and Experience
- Age 57 years, with over three decades of banking experience at HDFC Bank and Citi
The Board has appointed Rahul Shukla as Group Head, Commercial and Bharat Banking, with effect from October 19, 2026.
What was announced
- The appointment is based on the recommendations of the Nomination and Remuneration Committee and was approved by the Board at its meeting held on October 17, 2026.
- The Board meeting commenced at 9.00 am (IST) and the agenda was approved at 2.00 pm (IST).
- Shukla will be a part of the Senior Management of the Bank.
- Term of appointment is full-time employment.
- Disclosure of relationship between directors: NA.
What the role covers
- He will head Commercial and Bharat Banking, with responsibility to accelerate growth, deepen customer relationships and strengthen the Bank's presence across these businesses.
Who is Rahul Shukla
- Aged 57 years, an accomplished banking leader with over three decades of experience spanning Wholesale, Corporate, Investment, Commercial and Rural Banking across India and Asia.
- At HDFC Bank he led the Commercial & Rural Banking group, having earlier led Wholesale Banking.
- Prior to HDFC Bank, he held senior leadership roles at Citi, including Head of the South Asia Corporate Bank and Asia-Pacific TMT Investment Banking.
- His stated strengths include managing large banking franchises, business strategy and franchise building, with a track record of scaling businesses, improving returns and building market-leading positions.
- Qualifications: MBA from IIM Bangalore and B.Tech. (Electrical Engineering) (Hons.) from IIT Varanasi.
How to read this
- This is a change in senior management personnel, disclosed under Regulation 30, naming the person, the designation, the effective date and the term of appointment.
- The announcement identifies who will lead the Commercial and Bharat Banking businesses, which retail investors can track when following segment-level developments.
- The update describes the appointee's professional background and the responsibilities attached to the role.
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More numbers
- Age of Rahul Shukla57 years
Source: BSE · 17 Oct 2026
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