GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Axis Bank Shortlists 3 Candidates to Succeed MD & CEO Shikha Sharma

The candidate as approved by the RBI, will succeed Shikha Sharma, whose term as the Managing Director & CEO of the Bank, is due to expire on 31st December 2018, the bank said.

PTI

Updated:July 10, 2018, 11:13 PM IST
facebookTwittergoogleskypewhatsapp
Axis Bank Shortlists 3 Candidates to Succeed MD & CEO Shikha Sharma
File photo of Axis Bank chief Shikha Sharma. (PTI photo)
Loading...
New Delhi: Axis Bank on Tuesday said it has shortlisted three candidates to succeed the MD & CEO Shikha Sharma, whose term is due to expire in December this year. The bank, however, did not disclose names of the candidates shortlisted for the post.

In terms of extant RBI norms and the succession planning process of the bank, the Board of Directors of the bank at its meeting held on July 9, 2018, has recommended the names of three candidates, in order of preference, for the approval of the RBI, Axis Bank said in a regulatory filing.

"The candidate as approved by the RBI, will succeed Shikha Sharma, whose term as the Managing Director & CEO of the Bank, is due to expire on 31st December 2018," the bank said.

Axis Bank will be submitting its application in respect of the recommendations relating to the said appointment, for the approval of the RBI, it added further.

Earlier in April, the bank CEO had wanted her new term to be reduced to seven months from three-year tenure, which was accepted by the bank board subsequently.

Sharma had completed her third term as MD and CEO of Axis Bank on May 31. However, she had not intimated the reason for an early exit from the bank.

The bank board had decided to reappoint her as the MD&CEO for a period of three years with effect from June 1, 2018. Stock of the bank closed 1.70 per cent up at Rs 532.55 on BSE.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Indiabulls Hsg 788.65 -13.08
Reliance 1,151.30 -1.07
Infosys 705.35 1.45
Dewan Housing 235.90 -12.24
Yes Bank 231.90 -6.83
Company Price Change %Gain
Reliance 1,148.90 -1.27
Indiabulls Hsg 788.85 -13.17
La Opala RG 215.25 0.00
Dewan Housing 236.30 -12.34
Infosys 704.50 1.16
Top Gainers
Company Price Change %Gain
HCL Tech 1,024.25 2.08
Infosys 705.35 1.45
ITC 286.45 1.34
Wipro 323.15 1.29
Coal India 279.90 1.27
Company Price Change %Gain
ITC 286.35 1.34
Wipro 324.00 1.20
Infosys 704.50 1.16
Coal India 279.65 1.14
HUL 1,561.05 1.08
Top Losers
Company Price Change %Gain
Indiabulls Hsg 788.65 -13.08
Bajaj Finance 2,150.50 -6.86
Yes Bank 231.90 -6.83
Adani Ports 313.90 -5.83
BPCL 285.15 -5.61
Company Price Change %Gain
Yes Bank 231.75 -6.85
Adani Ports 314.30 -5.62
Maruti Suzuki 6,878.70 -3.79
Tata Motors 179.20 -3.40
Tata Steel 554.65 -3.39

Live TV

Loading...
Loading...