Axis Bank share price soars 4% after Shikha Sharma exit announcement

Axis Bank said on December 8 last year, the board had decided to reappoint Sharma as the Managing Director and CEO, for a period of three years with effect from June 1, 2018, subject to receipt of requisite approvals. The re-appointment, however, was yet to get the approval of the Reserve Bank of India (RBI).

Axis Bank share price soars 4% after Shikha
Shikha Sharma, who would complete her third term on May 31, 2018, has been heading the bank since 2009. Image source: PTI

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