CURRENT AFFAIRS

Detailed explanation-1: -Amitabh Chaudhry is the Managing Director & Chief Executive Officer (MD & CEO) of Axis Bank Limited.

Detailed explanation-2: -Axis Bank Limited, formerly known as UTI Bank (1993–2007), is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It sells financial services to large and mid-size companies, SMEs and retail businesses. Axis Asset Management Company Ltd.

Detailed explanation-3: -Puneet Sharma-Chief Financial Officer-Axis Bank.

Detailed explanation-4: -New Axis Bank CEO’s basic pay more than Shikha Sharma’s at ₹3.6 cr. Axis Bank shareholders have approved a basic salary of ₹3.6 crore for Amitabh Chaudhry, who will take over as CEO from January 1, 2019. This is higher than the basic salary of ₹2.91 crore paid to outgoing CEO Shikha Sharma during last fiscal.