Mumbai: The buzz about Kotak Mahindra Bank looking to buy Axis Bank refuses to die down. Meanwhile, Axis Bank has strongly denied any talks of a merger with Kotak. Also Read: Kotak Mahindra, Axis Bank shares rise on merger rumoursThere had also been rumours about Axis Bank chief executive officer Shikha Sharma’s resignation as her term comes to end in 2018. The shares of Kotak Mahindra Bank and Axis Bank have surged ever since the buzz about acquisition came out. So far this year, Kotak shares have gained 22.2% and Axis Bank shares 12%.

Source: Mint April 05, 2017 04:57 UTC