Finance

Federal Bank's Ganesh Sankaran, HDFC Bank's Ravi Narayanan may join Axis Bank: report

Updated : January 21, 2019 11:01 AM IST

The new chief executive officer of Axis Bank, Amitabh Chaudhry, is in discussions to hire the executive director of Federal Bank, Ganesh Sankaran and the senior executive of HDFC Bank, Ravi Narayanan, as he looks to strengthen the leadership team of the private lender, The Economic Times reported, citing sources.

Sankaran and Narayanan recently quit from their positions and are currently negotiating the terms for joining Axis Bank, the sources told the paper.

Sankaran’s exit from Federal Bank was announced on January 14 and he will step down on February 15 while Narayanan quit last month after spending almost two decades with HDFC Bank, said the report.

“Narayanan spent almost his entire career at HDFC Bank and has moved on last month. He is likely to join Axis, although his role there is not clear yet,” the sources were quoted as saying.

When the paper contacted Axis Bank, the bank said the query was “speculative” and refused to comment.

Have you signed up for Primo, our daily newsletter?

It has all the stories and data on the market, business, economy and tech that you need to know.

To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more