Axis Bank CEO Shikha Sharma will step down from the post on 31 December 2018. Soon after Axis Bank announced Sharma’s decision to cut short her tenure, its shares rose by 5.5%. Indeed, it’s troubling that through the upheaval at Axis Bank in the past year, investors were more or less mute spectators. In the event of a merger, Axis Bank shareholders will now have to settle for a much lower swap ratio compared to, say, a year ago. In short, none of the actors in the Axis Bank drama come out smelling of roses.

Source: Mint April 11, 2018 02:48 UTC