Shikha Sharma, Axis Bank managing director and chief executive officer (MD & CEO), has decided to step down. She was to start her fourth three-year term on June 1.
The move comes in the wake of the Reserve Bank of India (RBI) asking the private sector lender’s board to reconsider its decision to reappoint Sharma for a three-year term starting June.
Sharma, after being at the helm of the bank for about nine years, has offered to stay on till December to ensure a smooth transition of the new leadership and lend support to her successor.
Sharma had joined Axis