Home / Business and Economy / Axis Bank Appoints New Chief Risk Officer
Axis Bank Appoints New Chief Risk Officer
27 Nov
Summary
- Anand Viswanathan appointed Chief Risk Officer for 3 years from January 1, 2026.
- Axis Bank board approved Rs 5,000 crore NCD issue with a 7.27% coupon rate.
- The bank's Q2 FY26 net profit declined 26.42% YoY to Rs 5,089.64 crore.
Axis Bank has announced the appointment of Anand Viswanathan as its Chief Risk Officer (CRO), effective January 1, 2026. Viswanathan, who brings over two decades of experience in risk management, financial markets, and structuring, will serve a three-year term. He is a distinguished alumnus of IIM Calcutta and holds multiple professional certifications.
Further bolstering its financial standing, the bank's board has also approved the private placement of Rs 5,000 crore through non-convertible debentures (NCDs). These NCDs, rated AAA by leading agencies, will mature in November 2035 and carry an annual coupon rate of 7.27%.
These developments occur as Axis Bank reported a standalone net profit of Rs 5,089.64 crore for the second quarter of FY26, marking a 26.42% decrease from the previous year, despite a slight increase in total income.
