Axis Bank is India's third largest private sector bank. As its CEO, an outsider was appointed in April 2009, Shikha Sharma. She took over from a person who had managed ten years of rapid growth in the financial institution. The choice of an outsider as the brand new CEO surprised many inside and outside the bank.
Managing Change at Axis Bank (B) Case Study Solution
Sharma altered the bank's hierarchical culture, strengthened the core team by naming fresh talent where required, sought to develop its core processes and infrastructure, and filled out numerous imperfections in its business portfolio. Besides the alterations the stock market extends on undervaluing Axis Bank in comparison to its chief competitors. In light of this, Axis Bank must figure out what more it has to do in order to ensure that market values the franchise in correct manner.
PUBLICATION DATE: April 02, 2014 PRODUCT #: 114083-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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