Two senior executives at Axis Bank Ltd. have left the company, Mint reported March 22, citing "two people aware of the development."

Sidharth Rath has resigned as head of corporate and transaction banking at Axis Bank, while V. Srinivasan resigned as deputy managing director, the sources said.

Rath's resignation follows the appointment of S.M. Sundaresan as head of corporate banking by Axis Bank. Rath will likely join Standard Chartered PLC as head of corporate banking, a position previously held by Sundaresan, one of the sources said.

Srinivasan's next move is not yet known, Mint reported.

Responding to the news report, Axis Bank said it "does not comment on speculative assertions around its internal functioning."