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The board of directors of Axis Bank recommended the names of three candidates for the position of CEO, said the bank in a statement to the stock exchanges.
The names have been recommended in order of preference for approval by the Reserve Bank The candidate, as approved by the RBI, will succeed Shikha Sharma, whose term as CEO will expire on December 31, 2018.
"The Board of Directors of India (RBI). At its meeting of July 9, 2018, the Board of Directors of the Bank recommended the names of three candidates, by order preferably, for the approval of the RBI, the candidate approved by the RBI succeeding Smt Shikha Sharma.
In April, the bank had reduced the term of Shikha Sharma's balance. at seven months from three years at her request Sharma has been at the helm of the bank since June 2009.
In July 2017, the board of directors of the third largest private lender announced its decision to rename Sharma as CEO for a period of 3 years starting June 1. 2018, p s reserves the necessary approvals.
In April 2018, however, this was reduced. The media then hinted that the Reserve Bank of India had asked the Axis board of directors to reconsider the renewal of Sharma's mandate at the helm for the fourth term due to the decline in financial performance. form the bank.
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