All eyes on boards of ICICI Bank and Axis Bank
Two of India’s largest private sector banks, ICICI Bank and Axis Bank, are in the spotlight over the role of their leaders—Chanda Kochhar and Shikha Sharma, respectively
Two of India’s largest private sector banks, ICICI Bank and Axis Bank, are in the spotlight over the role of their leaders. At ICICI Bank, CEO Chanda Kochhar faces allegations of conflict of interest over grant of loans to a corporate group.
At Axis Bank, the board has accepted current CEO Shikha Sharma’s request to cut short her term of three years that begins on 1 June. In both episodes, the role of the board has come to the forefront—in terms of assuaging jittery investors, ensuring the highest standards of corporate governance, and avoiding a possible leadership crisis that may eventually impact performance.
Graphics by Paras Jain/Mint
- Boards that lead: How competent are corporate India’s boards
- IATA’s Mistry says govt should weigh all options before privatization of airports
- Pricing policy that makes airlines lose too much money is a problem: IATA chief
- Executive’s arrest, security worries stymie Huawei’s reach
- Naresh Goyal’s ‘turnaround’ man Nikos Kardassis leaves Jet Airways
Editor's Picks »
- Markets yet to warm up to KEC International’s record order book
- Indraprastha Gas and Mahanagar Gas shares are low on fuel
- Overhang of capacity constraints lifts for ACC, Ambuja Cements
- Stock market traders fall for the ‘buy rural’ narrative, once again
- Continuing volume momentum puts Indian ports in a good position