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 June 1, 2018, the bank said on Thursday. http://bit.ly/2eQ4ytL
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.
($1 = 64.0925 Indian rupees)