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| Exchange Received Time 02/04/2018 13:13:46 Exchange Disseminated Time 02/04/2018 13:13:55 Time Taken 00:00:09 | We draw your attention to reports referring to 'Reconsider Shikha Sharma's 4th Term: RBI to Axis Board' appearing in today's The Economic Times edition.
In this connection, we wish to inform you that the Bank's Board follows a standard process with regard to senior appointments, and forwards its recommendations to the regulator (to the extent required). This process is currently in progress.
We have no further comments to offer as the report appearing in the media is speculative.
We are conscious of our obligations to inform the stock exchanges of any material unpublished price sensitive information in terms of Regulation 30 of the Listing Regulations and shall continue to comply with the same in letter and in spirit.
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