Private sector lender Axis Bank on Monday said its board has recommended the appointment of Shikha Sharma, currently chief of ICICI group's life insurance business, as its next managing director and CEO.
The bank, however, did not disclose names of the candidates shortlisted for the post.
Shikha Sharma's contentious appointment as CEO of Axis Bank doesn't detract from her sound reputation in the financial world.
In a career spanning over 29 years, Sharma has had a wide exposure across the entire spectrum of financial services and has held several leadership positions across various market-leading businesses, the bank said in a statement. Axis Bank is the third-largest private sector bank in India and its network spans across more than 840 offices and over 3,600 ATMs.
Axis Bank's chief talks of her stress-busters and brushes over the 'Chanda-Shikha' stories.
Former ICICI Bank veteran Shikha Sharma will take home a hefty pay packet as Axis Bank managing director and CEO that will be in excess of Rs 2 crore (Rs 20 million) a year, if one counts allowances and other perquisites.
Young badminton players Ayush Shetty and Tanvi Sharma will lead the Indian contingent at the Orleans Masters Super 300 tournament after HS Prannoy's withdrawal due to a shoulder injury.
Sharma to step down as Axis Bank chief on December 31.
A fire in a residential building in Delhi's Vivek Vihar area resulted in the deaths of nine people. Rescue operations were carried out, and the cause of the fire is under investigation.
India's junior shooting team is set to compete at the ISSF Junior World Cup in Cairo, with a strong contingent of 71 athletes participating in various events.
Sharma would be 60 in November 2018, and would have completed 10 years as Axis Bank's CEO the following year in June.
Under Sharma Axis Bank has also taken the lead in focusing on technology, which has now become core to almost every other lender's strategy.
Satwiksairaj Rankireddy and Chirag Shetty withdraw from the Badminton Asia Championships due to injury, leaving Lakshya Sen and PV Sindhu to lead India's challenge.
What is the reason behind this drying up of talent for the top post in private banks?
Delhi Capitals, the losing finalists of the first three seasons, have not made an ideal start under the new leadership of Jemimah Rodrigues. It is still early days but Rodrigues and Co. would be desperate to get their campaign back on track.
UP Warriorz will start with a clear edge when they take on a struggling Gujarat Giants in Vadodara on Thursday, as the race for the remaining two playoff spots in the Women's Premier League heats up.
Former champions Royal Challengers Bengaluru hammered UP Warriorz by eight wickets to enter the WPL final and virtually knock the opposition out of the playoff race, in Vadodara, on Thursday.
UP Warriorz will lean heavily on new captain Meg Lanning as they seek to bounce back after finishing bottom of the standings last season.
Delhi Capitals will have their fate in their own hands as they look for a win against UP Warriorz in the final league match of the Women's Premier League match in Vadodara
Delhi Capitals Women held their nerve in a tense chase as captain Jemimah Rodrigues guided them to a five-wicket win , in Vadodara on Sunday, sealing an Eliminator clash with Gujarat Giants and knocking Mumbai and UP Warriorz out.
Devine stars as Gujarat Giants beat UP Warriorz by 45 runs
Table-toppers Royal Challengers Bengaluru will look to make amends with the bat after two consecutive defeats and lock their berth in the final when they take on a depleted UP Warriorz in the Women's Premier League in Vadodara
Surya, Rithvik claim women's and men's titles in National Badminton Championships
Australian batter Phoebe Litchfield's commanding knock of 78 off just 40 balls went in vain as Gujarat Giants beat UP Warriorz by 10 runs in a high-scoring Women's Premier League match, Navi Mumbai, on Saturday.
Royal Challengers Bengaluru will look to build on those gains when they take on a star-studded UP Warriorz in the WPL in Navi Mumbai on Monday.
Winless in the first three outings, the Warriorz opened their account on Thursday, beating defending champions Mumbai Indians by seven wickets, and they are set to face each other for the second time in three days.
Having retained the majority of their squad, MI will be the team to beat given their formidable batting, but Royal Challengers Bengaluru and Delhi Capitals will be out to spoil their party.
Axis Bank Managing Director & Chief Executive Officer Shikha Sharma on the new mechanism for non-performing loans, the bank's loan portfolio, industry outlook and the bank's future plans.
Former Axis Bank chairman and CEO PJ Nayak said managements should look at appointing outsiders only when the organisation is weak.
The seasoned duo of Meg Lanning and Sophie Devine were also among the marquee picks. Giants bought Devine for Rs 2 crore, while UP Warriorz landed Lanning for Rs 1.90 crore.
Mistry may work for some, but also raises the question about mental illness being treated as a means of amusement for audiences, notes Deepa Gahlot.
The Australia series exposed India's frailties in the bowling department and the team has a lot of work to do before the ICC event.
Singapore is the fourth country in Pool F. The top two teams in each pool will qualify for the semi-finals.
Film folk have been celebrating #ArmyDay by posting pictures with the men in green on social media.
Delhi Capitals will be aiming to claim the top spot, while UP Warriorz will be desperate to register their first victory of the season when the two sides face off in the Women's Premier League in Bengaluru on Saturday.
Many in the party believe that as was the cases in Rajasthan, Haryana, Madhya Pradesh, Odisha and Chhattisgarh, the BJP leadership might put its bets on a "dark horse" among the newly-elected MLAs.
Congress received more votes than the wining margin in 14 constituencies where Bharatiya Janata Party emerged victorious defeating Aam Aadmi Party candidates, including former Delhi chief minister Arvind Kejriwal and his former deputy Manish Sisodia.
The BJP will hold a legislature party meeting on Wednesday evening to decide the new chief minister of Delhi. The party won the February 5 assembly elections, ending the Aam Aadmi Party's five-year rule. The meeting will be held at the party's Delhi unit office and is expected to begin around 7 pm. The 48 BJP MLAs will choose the Leader of the House in the Delhi Assembly, who will become the chief minister. The meeting will be held in the presence of BJP's central observers, whose names are yet to be declared. The new chief minister, after being chosen by the party MLAs, will meet Delhi Lieutenant Governor VK Saxena at the Raj Niwas to stake claim to power. A grand swearing-in ceremony of the new government is scheduled for Thursday afternoon at Ramleela Ground. Prime Minister Narendra Modi and other dignitaries are expected to attend the ceremony. The names doing the rounds for the new chief minister include Parvesh Verma, Vijender Gupta, Satish Upadhyay, Pawan Sharma, Ashish Sood, Rekha Gupta, Shikha Rai, Ravinder Indraj Singh, and Kailash Gangwal. Many within the party believe that the BJP leadership could choose a "dark horse" as Delhi's next chief minister.
Amid the Bharatiya Janata Party's sweeping victory in the Delhi assembly polls, Chief Minister Atishi and three ministers in the outgoing Aam Aadmi Party government -- Gopal Rai, Mukesh Ahlawat and Imran Hussain -- managed to secure wins on Saturday, offering a rare consolation for the party as its big guns, including Arvind Kejriwal and Manish Sisodia, suffered defeats.
The RSS-affiliated ABVP has won the post of joint secretary in the Jawaharlal Nehru University Students' Union (JNUSU) election, ending a nine-year period out of office. The ABVP's victory marks a significant shift in the political landscape of JNU, breaking the Left's long-standing dominance. Left candidates won the remaining three central panel posts, but the ABVP's victory is seen as a major gain for the right-wing group.
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