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Axis Bank extends CEO Shikha Sharma’s term by 3 years

LiveMint logoLiveMint 27-07-2017 Vishal Sridhar

Bengaluru: Axis Bank Ltd, India’s seventh-biggest lender by assets, has re-appointed Shikha Sharma as its chief executive officer and managing director, putting to rest media speculation that she might be leaving the bank for another job.

Sharma’s re-appointment is for a period of three years and is effective 1 June 2018, the bank said on Thursday.

Earlier in the day, Sharma said the lender had appointed a search firm to scout for her successor in the interests of good governance, but said that doesn’t “preclude anything” about her continuation or otherwise with the bank. Reuters

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