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Axis Bank asks more than 50 mid-level managers to leave

Axis Bank has terminated more than 50 mid-level managers in a move to restructure its business and cuts cost under the new CEO Amitabh Chaudhry. The mid-level managers asked to quit were mostly executive vice-presidents and vice-presidents who led various supervisory functions in corporate and retail banking. These roles became redundant after the new CEO reviewed the business, and the lender could not find suitable jobs for them.

Read More at The Economic Times News date : 5 Apr 2019, Friday

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