Axis Bank CEO Shikha Sharma. On 1 April, The Economic Times reported that the Reserve Bank of India (RBI) had asked Axis Bank to review the reappointment. “As Axis Bank goes for a change in leadership, there are grounds to rebuild credibility and regain currency with regulators and other stakeholders, which augurs well for the bank. During her tenure, Axis Bank’s gross bad loans have ballooned from Rs915 crore to Rs25,000 crore. Sharma is credited with turning Axis Bank from a predominantly corporate lender by expanding its retail base.

Source: Mint April 09, 2018 14:16 UTC