The Bank under the guidance of its Nomination & Remuneration Committee has initiated the succession planning process for the said post, it said.
As per reports, Axis Bank is expected to internally hire a candidate to fill the post of Pralay Mondal. However, clarity on a new retail head is awaited.
At 02:05 pm; the stock was trading 5 per cent lower at Rs 370, after opening at Rs 405 on the BSE. In comparison, the S&P BSE Sensex was up 0.55 per cent at 33,411 points. The trading volumes on the counter jumped 1.5 times with a combined 74 million equity shares changed hands on the NSE and BSE so far.