Axis Bank dismisses managing director and CEO Shikha Sharma's resignation buzz

New Delhi: Private sector lender Axis Bank today said its MD & CEO Shikha Sharma is not resigning.

Axis"..The news appearing in section of social media stating the impending resignation of the MD & CEO of the Bank, which please note is false, speculative and is being circulated with the mala fide intention of misleading the investors and the general public," Axis Bank said in a clarification to the BSE.

Axis Bank has been under pressure over a sharp fall in third quarter profits along with Income Tax Department raids on some of its branches post-demonetisation.

There is also a buzz about the bank's merger with Kotak Mahindra Bank.

Axis Bank had reported 73 per cent decline in net profit to Rs 580 crore for the October-December quarter on account of rise in bad loans.

Shares of Axis Bank were trading 2.07 percent higher at Rs 498.10 on BSE.


Updated Date: Mar 22, 2017 11:46 AM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See