INSUBCONTINENT EXCLUSIVE:
Mumbai: Retired HDFC Bank executive and former Federal Bank board member Deepak Maheshwari has taken charge as chief credit officer (CCO) at
Axis Bank as part of an ongoing reshuffle undertaken by new CEO Amitabh Chaudhry.
Maheshwari, 64, confirmed that he had taken over as CCO on
January 11 to be in charge of corporate credit appraisal and disbursement
Until December end, Maheshwari was a board member of Federal Bank
On January 1, in a notice to stock exchanges, Federal Bank said that Maheshwari quit board to join a financial institution.
An Axis Bank
spokesperson confirmed that Maheshwari had joined as CCO but did not comment on exception made by board to get him
email response.
A senior banking executive who has worked with Maheshwari for many years, said his appointment is an indication that
Chaudhry wants to change credit culture at Axis
