Axis Bank has announced appointment of Amitabh Chaudhry as the new MD & CEO of the bank for a period of three years with effect from 1st January 2019. Bank has already received RBI approval on the same. This move will be perceived positively as it ends uncertainty which emerged after resignation of Shikha Sharma on account of RBI not approving her re-appointment. Mr.Chaudhry is currently MD & CEO of HDFC Standard Life Insurance and has formidable track record with wide experience in leadership role. He also has experience in corporate banking in the past. With such rumors already being there, its stock has given a return of 25% over last 2 months. We believe large...