Current Affairs - Banking - Discussion

Deepak Maheshwari, the retired HDFC Bank executive and former Federal Bank board member took charge as chief credit officer (CCO) at Axis Bank as part of an ongoing reshuffle undertaken by new CEO Amitabh Chaudhry. The 64 years old Maheshwari will be given the responsibility of corporate credit appraisal and disbursement at the Axis Bank. Maheshwari was also granted an exemption to take over as CCO by the board of Axis Bank as he is now 64 which is above the bank's retirement age of 60.