The Reserve Bank of India (RBI) has questioned Shikha Sharma’s reappointment as Axis Bank CEO in light of the NPA crisis at the private sector lender. On Monday, Economic Times reported that the Reserve Bank of India (RBI) has written to the Axis Bank board to review the extension, citing poor performance and worsening asset quality at the bank. It wasn’t a smooth beginning at Axis Bank for Sharma, with her predecessor P.J. On the corporate side, infrastructure lending also continued, given the opportunities it provided for most banks including Axis Bank. On Monday, stock exchanges sought reply from Axis Bank on the ET story.

Source: Mint April 05, 2018 01:41 UTC