 "Axis Bank")
Private sector lender Axis Bank recommended the names of three candidates to succeed Shikha Sharma, current managing director (MD) and chief executive (CEO), to the Reserve Bank of India (RBI). Sharma’s fourth term in the position expires on December 31, 2018.
“In terms of extant RBI norms and the Succession Planning Process of the Bank, the Board of Directors of the Bank at its meeting held on 9th July 2018, has recommended the names of three candidates, in order of preference, for the approval of the RBI , “said the bank in a filing to the exchanges on Tuesday.
The bank said
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