Axis Bank, India’s third-largest private lender, has hired Namrata Dubashi, a senior executive at McKinsey & Co, as its artificial intelligence (AI) officer to spearhead its AI initiatives. The appointment is part of a broader strategy to prepare the bank for deeper usage of such tools, and makes it one of the first Indian banks to have an AI officer. Dubashi, who spent two decades at the global consulting firm, joined the bank last week.