Axis Bank approves appointment of Munish Sharda as Executive Director

Axis Bank_Axis

Mumbai-based Axis Bank on October 26, has approved the appointment of Munish Sharda as Executive Director effective from November 1, 2023; according to a communication from the bank to exchanges.

The bank further added that Sharda's appointment is for a period of three years from the effective date of his appointment and is subject to the approval of the shareholders of the Bank and RBI.

Munish Sharda is the Group Executive and head – Bharat Banking of Axis Bank Limited since September 2021. In his role as Group Executive – Bharat Banking, he is responsible for driving business growth in Rural and Semi-Urban markets across all product offerings of the Bank, including MFI, Retail, MSME, Wholesale and Retail deposits and driving Financial Inclusion initiatives of the Bank.

Sharda has worked for over 25 years in the banking and financial services sector across product categories in all the major markets of the country.

Prior to joining Axis Bank, Munish was the Managing Director & CEO of Future Generali India Life Insurance Company Limited for over seven years.

He holds a bachelor’s degree in mechanical engineering from Punjab Engineering College and has completed his postgraduate diploma in Management from IIM Lucknow. He also holds a Certification in ESG Investing from CFA Institute, USA.