Shikha Sharma has been re-appointed as MD&CEO of Axis Bank for three-year term from June 2018, putting to rest rumours about her being sounded out to head Tata's financial services vertical.
Axis Bank informed Bombay Stock Exchange that board of directors has approved the re-appointment.
The board held its meeting on 26th July, 2017. The appointment is subject to compliance with the prescribed formalities and receipt of requisite regulatory/ statutory approvals, the private lender said.
Axis had appointed an executive search firm to carry work on zeroing in on CEO to head the bank after her current term was to