Top Citi hires exit Axis Bank amid retail biz challenges

The exits come at a time when the bank is facing challenges in its retail business, including credit cards

- Gopika Gopakumar

Nearly a year after Axis Bank sealed its acquisition of Citibank's credit card business, the private sector lender is witnessing exits of some senior figures who joined as part of that merger.

Arjun Chowdhry, group executive in charge of affluent banking, cards, payments and retail lending at Axis Bank, has resigned citing his wish to pursue an entrepreneurial path, according to a stock exchange notification on Friday. Alongside, Arvind Singla, president for retail banking operations at the bank, has also stepped down, according to two persons aware of the matter.

Both bankers had joined Axis from Citibank as part of the merger process, which began two years ago. At Citi, Chowdhry was head, consumer bank, and Singla was managing director and head of consumer operations.