IN A COMPETITIVE LANDSCAPE, the country’s third-largest lender Axis Bank led by Amitabh Chaudhry has been acing the charts with standalone profit compounding at 47% ever since the 57-year-old took on the top job from Shikha Sharma in 2019. The performance of the former CEO of HDFC Standard Life Insurance Company fetched him in 2021 a three-year extension till 2024. Given the bank’s strong performance thus far (9MFY24 profit up 16% to ₹17,732 crore and consolidated return on equity or RoE expanding 82 bps to 18.86%), it’s quite likely that an encore is in the offing for Chaudhry. Interestingly, the last fiscal marked a milestone in the bank’s journey following the successful…
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Source: https://www.fortuneindia.com/amp/story/long-reads%2Faxis-hr-playbook-banking-on-inclusivity%2F116317