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Mumbai, May 22 The Reserve Bank of India has approved the appointment of Ms Shikha Sharma as the MD & CEO of Axis Bank, according to a senior official of the private sector bank.

Ms Sharma, who quit ICICI Prudential Life Insurance Company as the MD & CEO last month, will be inducted into the Axis Bank board once the shareholders accord their approval to her appointment at a meeting to be held on June 1. There is no clarity yet as to who will appointed as the new Chairman.

More Stories on : People | Private Banks | RBI & Other Central Banks

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