Business Standard

Friday, December 27, 2024 | 12:50 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Axis Bank CEO seeks to shorten next term to end-2018

Image

Reuters MUMBAI

MUMBAI (Reuters) - Shikha Sharma, chief executive of India's Axis Bank, has asked the bank's board to shorten her next term at the helm of the bank, starting in June, to the end of December, the bank said on Monday.

Sharma, who has been the CEO of the third-biggest private sector Indian lender since 2009, had earlier been given her fourth three-year term beginning June 1.

Axis Bank's board has accepted Sharma's request, pending approval from the central bank, the lender said in a stock exchange filing. It gave no reason for the move.

(Reporting by Devidutta Tripathy and Suvashree Dey Choudhury; Editing by Adrian Croft)

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 09 2018 | 7:53 PM IST

Explore News