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Mumbai, Nov. 2

Mr Hemant Kaul, Executive Director, Axis Bank, has resigned from his post. He is moving to Bajaj Allianz General Insurance as the company’s MD and CEO. At Axis Bank, Mr Kaul was responsible for the development and expansion of the retail banking business. This is the first high profile exit from the bank after the resignation of its MD and CEO, Mr P.J. Nayak in April. Mr Kaul will assume charge at the general insurance company from December 1. He will succeed Mr Swar aj Krishnan, who stepped down as the CEO to pursue opportunities outside the group, the release issued by the company said.

— Our Bureau

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