Axis Bank adds â¹7,200cr in market cap after CEO's tenure cut
Axis Bank on Tuesday added over â¹7,200 crore to its market capitalisation, a day after its CEO and MD Shikha Sharma's tenure was shortened to December 31, 2018. The bank's shares surged over 5.4% and it now has a valuation of about â¹1.41 trillion. The bank's non-performing assets had surged by over 300% in past three years under Sharma's leadership.