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
The tenure of CEOs and MDs of public sector banks has been extended to 10 years, subject to superannuation age of 60 years.
The market regulator removed the mandatory requirement citing 'unsatisfactory level of compliance'.
The central bank orders the private bank to temporarily stop launches of digital business generating activities as well as sourcing of new credit card customers.
On the 37th day since taking charge, the RBI diktat—gagging HDFC Bank’s digital initiatives and addition of new credit card customers—is the first big challenge for the bank's new MD & CEO.
RBI approved the appointment of Sumant Kathpalia as the private bank’s new MD and CEO on Thursday. He will take over the reins from Romesh Sobti, who retires on March 23.
The government’s experiment in hiring talent from the private sector to head public sector banks has ended with former Citibanker P.S. Jayakumar leaving Bank of Baroda.