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Byjus  2

| **Category**               | **Details**                                                                 |
|--------------------------|---------------------------------------------------------------------------|
| **Why in the news?**      | Axis Bank re-appointed **Amitabh Chaudhry** as MD & CEO for 3 years from Jan 1, 2025. |
| **Approval Timeline**     | - Approved by shareholders at 30th AGM in July. <br>- RBI granted final approval on October 24, 2024. |
| **Role and Contributions**| - MD & CEO since 2019. <br>- Expanded retail banking and digital capabilities. <br>- Strengthened market position. |
| **Recent Financials**     | - Q2 FY2025 net profit: ₹6,917.57 crore, up 18% YoY. <br>- Net interest income: ₹13,533 crore, up 10% YoY. |
| **Stock Performance**     | Current stock price: ₹1,189.35, up 1.88%.                                 |
| **Market Context**        | Sector growth driven by increased credit demand and financial services.   |


Category	Details
Why in the news?	Axis Bank re-appointed Amitabh Chaudhry as MD & CEO for 3 years from Jan 1, 2025.
Approval Timeline	- Approved by shareholders at 30th AGM in July. - RBI granted final approval on October 24, 2024.
Role and Contributions	- MD & CEO since 2019. - Expanded retail banking and digital capabilities. - Strengthened market position.
Recent Financials	- Q2 FY2025 net profit: ₹6,917.57 crore, up 18% YoY. - Net interest income: ₹13,533 crore, up 10% YoY.
Stock Performance	Current stock price: ₹1,189.35, up 1.88%.
Market Context	Sector growth driven by increased credit demand and financial services.

Axis Bank Re-Appoints Amitabh Chaudhry as MD and CEO for Three More Years