In a surprise move, Shikha Sharma wants 7-month term as Axis Bank chief

She would be completing her third term as MD and CEO of Axis Bank on May 31

In an unusual move, Axis Bank Managing Director (MD) and Chief Executive Officer (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.

The Axis Bank board has accepted her request for a shorter seven-month term (from June 1 to December 31, 2018), subject to the approval of the Reserve Bank of India (RBI), the bank said in a regulatory filing.

Sharma would be completing her third term as MD and CEO of Axis Bank on May 31.

Sharma was appointed MD of Axis Bank in