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Axis Bank has termed news appearing in a section of social media about the impending resignation of Managing Director and Chief Executive Officer Shikha Sharma as false and speculative.
The private sector bank, in a stock exchange notice, said “the news….is being circulated with the malafide intention of misleading investors and the general public.”
There are also reports that Kotak Mahindra Bank and Axis Bank have initiated merger moves.
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