Axis Bank offers early retirement
Axis Bank has announced an early retirement facility to its executives at the VP level and above, aged 40 years or more and have been with the bank for atleast 10 years. The bank is simultaneously in the process of weeding out consistently underperforming executives. The bank had floated a similar offer in 2013 and 25 executives had opted for it. The CHRO of the Bank Rajesh Dahiya stated that the bank needed to get a faster and quicker structure.
Read the Economic Times news report here.