Nature of change: Appointment of an additional Non-Executive (Nominee) Director
Name and DIN: K. S. Giridhar (DIN: 11849889)
Effective date: August 14, 2026
Tenure: Liable to retire by rotation. Shall hold office for a term in accordance with applicable laws, or until his nomination is withdrawn by Life Insurance Corporation of India (LIC), whichever is earlier.
Profile and qualifications: Age 60 years, Executive Director (P & GS) of Life Insurance Corporation of India (LIC) with over 35 years of experience at LIC. Experience includes driving transformation across Group Business, Investments, Technology, Governance and Pension Solutions. Has vast experience in managing large-scale institutional businesses, investment portfolios, regulatory frameworks, and Government partnerships. Currently leading LIC's Group Business with Assets under Management (AUM) exceeding approximately ₹14 trillion. Serves on several enterprise-level governance and strategic committees. Previously held positions including Executive Director – Investments (Monitoring & IT), Chief - Investment Debt Operations and Equity Research, and Head – Group Business Marketing Operations. Holds a Bachelor of Engineering degree and is a Fellow of Insurance Institute of India.
Eligibility confirmation: Not debarred from holding the office of director by virtue of any order of SEBI or any other statutory authority.
Relationship with other directors: Not related to any other directors or key managerial personnel of the Bank.
Previous KMP: Replaces Mini Ipe, whose nomination was withdrawn by LIC as communicated in letter no. AXIS/CO/CS/280/2026-27 dated July 29, 2026.
Approval status: Appointment is subject to approval of the shareholders of the Bank.
