Axis Bank Rises After CEO Shikha Sharma To Cuts tenure To Seven Months

Axis Bank Rises After CEO Shikha Sharma To Cuts tenure To Seven Months 

Shares of the country’s third largest private lender rose as much as 3 percent to Rs 534.85 after its managing director and CEO Shikha Sharma wanted her new term to be reduced to seven months from three-year tenure that has been approved by the bank’s board.                                  

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Nifty Metal index’s 1.7 percent Gain

Gold Silver Reports (GSR) – Nine out of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Metal index’s 1.7 percent gain. On the flipside, Nifty PSU Bank index was the top sectoral loser, down 0.12 percent.                               

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Axis Bank’s Shikha Sharma Wants New Term Cut Short

Axis Bank Stock

Gold Silver Reports (GSR) – Axis Bank’s Shikha Sharma Wants New Term Cut Short – Sharma has asked the board to reconsider the term of her reappointment, a statement to the exchanges said. The bank’s board has accepted her request, subject to the approval of the RBI, the statement added.    

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