Reconsider Shikha Sharma’s 4th term: RBI to Axis Board

The Reserve Bank of India has asked the Axis BankBSE -2.39 % board to reconsider the fourth three-year term it gave CEO Shikha Sharma last year, said several people aware of the development. They said it could presage a tightening of scrutiny on the appointment of bank CEOs by the regulator.