Gold Silver Reports (GSR) – Axis Bank Falls After RBI Asks Board To Reconsider Fourth Three-Year Term — Shares of the country’s third largest private sector lender fell as much as 3.6 percent to Rs 492.20 after the Reserve Bank of India asked its board to reconsider fourth three-year term it handed to CEO Shikha Sharma, The Economic Times reported citing people aware of the development.
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Meanwhile, the bank has clarified that it follows a standard process with regard to senior appointments and forwards its recommendations to the regulator (to the extent required) and the process is currently in progress.
