BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Who is the present MD and CEO of Axis Bank?
A
Naina Lal Kidwai
B
Chanda Kochhar
C
Aditya Kapur
D
Shikha Sharma
Explanation: 

Detailed explanation-1: -”The Reserve Bank of India vide its letter dated October 14, 2021, has approved the re-appointment of Amitabh Chaudhry as the Managing Director & CEO of the Bank, w.e.f. January 01, 2022 till December 31, 2024 (both days inclusive), ” said the bank’s statement.

Detailed explanation-2: -Axis Bank’s annual report showed that Shikha Sharma was paid the basic salary of Rs 2.90 crore during 2017-18.

Detailed explanation-3: -Nimrat Kaur: Capt. Shikha Sharma.

Detailed explanation-4: -Sharma was appointed MD of Axis Bank in June 2009 by P J Nayak, the then chairman of the bank. Sharma’s appointment came at a time when UTI Bank was rechristened Axis Bank and the board felt the bank should be more aggressive in pursuing business. The bank had a legacy issue and had high exposure in corporate loans.

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