Mishra, who has nearly two and a half decades of experience, will be joining Mumbai-based Axis Bank Ltd. The hiring is part of Axis Bank CEO Amitabh Chaudhry's plans to strengthen the lender's various businesses, including wealth management and investment banking. The lender's share price hit a record high earlier this year. According to the report, the financier also completed the $1.4 billion acquisition of Citigroup Inc.'s India retail banking business earlier this month.

Mishra's experience includes work in metals and mining, Indian pharmaceuticals, Taiwan IC design, semiconductor foundries, and Asian tech strategy research. Prior to joining Credit Suisse, he worked as a senior technical architect for Infosys Technologies. He has also worked for Hindustan Lever Limited and pursued a business career.

Mishra is a member of India's Economic Advisory Council and has served on several government committees, including the Fifteenth Finance Commission and the India Semiconductor Mission. He also advises businesses and has served on the Confederation of Indian Industry's Economic Affairs Council for several years.

Mishra graduated from IIT Kanpur with a BTech in computer science and engineering.

Many senior bankers have recently left Credit Suisse, Switzerland's second-largest lender, after the company experienced several blowups, scandals, leadership changes, and legal challenges in recent years. According to an exchange filing, Ashish Gupta, the former head of India equity research at Credit Suisse, joined Axis Mutual Fund as chief investment officer earlier this month. Gupta left Credit Suisse in November of last year after 14 years there.