Axis Bank's CEO seeks shorter term, to step down in December

Last Updated: Apr 10 2018 | 7:06 AM IST

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New Delhi, Apr 10 (ANI): Axis Bank's CEO Shikha Sharma will exit the bank on December 31, 2018, after the bank reduced her term to six months from three years at her request. Sharma has been at the bank's helm since June 2009. Her re-appointment as the managing director and CEO of the bank was revised from June 1, 2018, up to December 31, 2018. On December 8, 2017, the board had informed of its decision to re-appoint Sharma as the MD and CEO, for a period of three years with effect from June 1, 2018. The move comes amid controversy surrounding Sharma's tenure and in the wake of mounting non-performing assets (NPA) in the bank.