Axis Bank has lost three senior executives in a single week, intensifying a leadership reshuffle that is sweeping through India’s private banking sector.
Anil Agarwal, president and group head of institutional clients coverage, has resigned, alongside Vikas Shinde, the former head of the debt capital markets team, and Jimmy Tavadia, group head of trading.
The exits mark a significant escalation in personnel changes at the lender, which is widely regarded as a top arranger in India’s debt markets.
The simultaneous departure of leaders overseeing critical revenue-generating divisions suggests a broader strategic realignment or internal friction, though the bank has not provided a detailed explanation for the cluster of resignations.
This development follows a period of heightened instability across the industry.
Earlier this month, Axis Bank and Bandhan Bank announced the resignations of their respective Chief Financial Officers, signaling a sector-wide churn in top-tier management.