Axis Bank Limited announced that Life Insurance Corporation of India, promoter of the Bank has withdrawn the nomination of T C Suseel Kumar as their nominee on the Board of Directors of the Bank with effect from July 29, 2023. Accordingly, he shall cease to be director on the Board with effect from the said date. The Bank acknowledges the invaluable contributions rendered by T. C. Suseel Kumar during his tenure as a nominee director and places on record its deep appreciation for his guidance as a member of the Board.