Axis Bank Limited announced that based on the recommendations of the Nomination and Remuneration Committee, the Board of Directors vide their circular resolution passed on February 14, 2024, has appointed Pranam Wahi (DIN: 00031914) as an additional independent director of the Bank for a period of four years with effect from February 15, 2024 up to February 14, 2028 (both days inclusive), subject to approval of shareholders. In terms of Section 149(13) of the Companies Act, 2013, he shall not be liable to retire by rotation during his tenure as an independent director of the Bank. Pranam Wahi, age 65 years has over 40 years of banking experience across various countries including India, the United Arab Emirates /GCC, Indonesia and Singapore.

He began his career with HSBC in 1982 where he was part of various functions and corporate banking within the HSBC Group in India. After HSBC, he joined Standard Chartered Bank for 2 years where he was responsible for the bank's corporate business for various regions/segments across India. He then returned to HSBC in a senior role in early 1999.

Pranam Wahi subsequently joined DBS as CEO India in April 2004. He has worked as Managing Director, Head, Global Transaction Banking, DBS Bank, Singapore, Managing Director, Head, Middle East, DBS Dubai Branch and Managing Director, Head, Business Audit, Group Audit, DBS Bank, Singapore. His last position was Managing Director, Senior Risk Executive, DBS Indonesia, before retiring in 2023.

Pranam Wahi is a Chartered Accountant by qualification.