Subrat Mohanty Reappointed as ED of Axis Bank: Axis Bank – one of the leading public sector banks in India, has announced the appointment of an Executive Director and changes in senior management. This information by Axis Bank was shared on 27 January 2026.
Axis Bank has re-appointed Subrat Mohanty as Whole-Time Director (designated as Executive Director) of the Bank, for a further period of three years with effect from August 17, 2026 up to August 16, 2029 (both days inclusive), subject to approval of the Reserve Bank of India (RBI) and approval of the members, in terms of applicable laws.
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Pursuant to the retirement of Prashant Joshi, Chief Credit Officer of the Bank, with effect from close of
business hours of June 30, 2026, Sudipto Nag has been appointed as Chief Credit Officer of the Bank with effect from July 1, 2026. Consequent to the above change, Sudipto Nag will become senior management personnel and Prashant Joshi will cease to be senior management personnel.
Profile of Subrat Mohanty
Subrat Mohanty, aged 49 years, has been appointed as the Executive Director of Axis Bank. He joined the Bank in October 2020. He leads all functions under Retail & Wholesale Banking Operations, IT & Digital Banking, Business Intelligence, Group Strategy & Subsidiary Governance, Customer Experience, Vigilance and Internal Audit.
Subrat has over 24 years of experience in different industries and functions. In his previous stint, he served as the Group President of Manipal Education & Medical Group, responsible for business performance and strategy across the group’s interests in Education, Healthcare, and Insurance.
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Before joining the Manipal Group, Subrat was the COO of HDFC Life Insurance Company Limited, responsible for various functions, including Strategy, Operations, Technology, Digital and Health Insurance. Previously, at Infosys, he held multiple leadership roles across Operations, Solutions, Strategy,
and technology-led Transformation Programs. Subrat started his career with Andersen Consulting (now Accenture).
Subrat holds a Bachelor’s degree in Mechanical Engineering from NIT, Rourkela and has an MBA from Indian Institute of Management, Calcutta.
