Axis Bank extends tenure of MD & CEO for 3 more years
Amitabh Chaudhry will serve three more years at the helm of the private lender
Amitabh Chaudhry will serve three more years at the helm of the private lender
Axis Bank, Max Financial Services and its insurance arm Max Life are exploring an exclusive arrangement for a strategic long-term partnership to unlock value for stakeholders.
The private lender’s profit fell 9% over the previous quarter. Its provisions grew by 40.7% and 14.3% on quarterly and annual basis, respectively.
As RBI keeps a hawk’s eye, finding the right candidates for the top jobs will be a challenge.
After Amitabh Chaudhry’s resignation and subsequent appointment as incoming MD and CEO of Axis Bank, Padalkar’s name had emerged as the frontrunner for the top job at HDFC Life.
Investors and analysts are confident that Amitabh Chaudhry’s experience will ensure a turnaround for Axis Bank.
Chaudhry, who oversaw HDFC Life’s bumper IPO, will take over the reins from Shikha Sharma from January 1, 2019.