Nature of change: Appointment of new Chief Financial Officer and Key Managerial Personnel
Appointee details: Rajeev Mantri, age 49 years
Director Identification Number: Not disclosed in the filing
Effective date: September 28, 2026 (appointment approved by Board on July 18, 2026)
Term: Full-time employment
Profile and qualifications: Seasoned financial services leader with nearly three decades of experience across banking, financial services, credit information, consumer goods and international financial institutions. Currently serves as Executive President and Chief Financial Officer at Bandhan Bank, leading all aspects of Finance and Strategy across a 150+ member team. Expertise includes financial planning and analysis, accounting, controls, reporting, balance sheet management, capital and cost management, tax, procurement, payments and investor relations. Previous experience includes roles at Citibank, Standard Chartered, and Mashreq across India, Singapore and UAE. Professional qualifications: Chartered Accountant from ICAI India and Global Executive MBA from INSEAD Business School, Singapore.
Regulatory compliance: Satisfies qualifications/conditions prescribed under the Reserve Bank of India (Commercial Banks - Governance) Directions, 2025, for appointment of a CFO
Relationship with other directors: Not Applicable (as per disclosure)
Previous KMP: Puneet Sharma resigned as Chief Financial Officer and Key Managerial Personnel, with resignation intimated via letter no. AXIS/CO/CS/208/2026-27 dated June 29, 2026
Governance implications: As CFO, Rajeev Mantri will be part of the Senior Management of the Bank and responsible for financial oversight and strategy
Key Financial or Operational Approvals
No financial results, fundraising, acquisitions, capital infusion, business restructuring, or dividend declarations mentioned in this disclosure
No auditor opinions or qualifications referenced
Strategic or Business Context
No business outlook, risk commentary, demand trends, regulatory developments, or macro/micro headwinds discussed
No segment-wise insights, restructuring actions, cost measures, expansion plans, or capex announcements included
No forward-looking guidance or actions mentioned beyond the appointment
No references to liquidity position, leverage, working capital, or refinancing plans
Any Other Material Information
Committee involvement: Appointment was based on recommendations of the Nomination and Remuneration Committee and the Audit Committee
Board meeting details: Meeting held on July 18, 2026, commenced at 9:00 am (IST) and concluded at 3:55 pm (IST)
Regulatory compliance: Disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Additional disclosures: Details required pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026 are enclosed as Annexure A (not included in provided text)
International exchange notifications: Copy circulated to London Stock Exchange and Singapore Stock Exchange
