P.S.Jayakumar, Managing Director & Chief Executive Officer, Bank of Baroda (BOB), on Thursday made it clear that he is not in the race for the post of Axis Bank Managing Director & CEO.
Jayakumar said he was committed to BoB and hence, has “neither considered, applied, approached, nor met anyone” in connection with the role for MD&CEO of Axis Bank, a press release issued by BoB said.
The Axis Bank board has shortlisted three candidates for the post of MD & CEO and sent them to the RBI for approval. BoB on Thursday described the media reports that mentioned Jayakumar as one of the candidates likely to become Axis Bank MD & CEO as “speculative with no merit in them”. Axis Bank’s incumbent MD & CEO Shikha Sharma’s tenure ends on December 31, 2018.