.........P.J. Nayak’s nine-year-long innings as Axis Bank’s chairman saw frequent run-ins with the powers that be. A year after he took over, he decided to “go on leave” until he was cleared of any role in the aborted merger of UTI Bank with Global Trust Bank. In 2007, he resigned when Mint Road said the post of the chairman and chief executive had to be split. Sharma, having learnt a few lessons from ICICI Bank’s ‘halcyon days’, has sought to strike a balance between growth and profitability. It is evidenced in the bank’s financial parameters...........................
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