Jun 20: The Bank of Baroda has stated that the news regarding P S Jayakumar being considered for CEO position in Axis Bank is speculative. The Times of India had reported that PS Jayakumar is being considered for the top post in Axis Bank as the successor to Shikha Sharma. The report said that Jayakumar’s term is coming to an end this year and he was likely to opt for a private sector job as there was uncertainty regarding government policy on public sector banks.
Jayakumar is among the two top executives to be hired from private banks to head public sector banks in recent times. The other being Rakesh Sharma of Lakshmi Vilas Bank who was made the Managing Director and CEO of Canara Bank.
The TOI report said that the Director Board of Axis Bank had to finalise a person for the CEO post by September.