Shikha Sharma, the CEO & MD of Axis BankBSE -0.83 % will be the banker to watch out for. Among private lenders, the bank has been at the receiving end of criticism due to its high exposure to infra projects — which was at 9.9% of total lending as on September 2012. If the government's efforts to revive economic growth rate materialises, it could be a boon for Axis. Else, the bank has to strategise to neutralise its infra exposure.
The new year could well be a challenging year forStandard Chartered India and for the bank's India &South Asia CEO Sunil Kaushal. It has been a tough assignment for Kaushal who took over the reins from Neeraj Swaroop a year ago. The operating profits of the UK bank's India branches dipped by 18% in the first half of 2012. The bank's PBT for the Jan-June period in 2012 slipped to $311 million from $378 million last year.
Having taken charge of Bank of India a month ago, VR Iyer will have to hit the ground running given the rise in bad loans and sliding profits. The bank's profits had topped the Rs 3,000-crore mark in 2008 and its stock price almost matched that of rival Bank of BarodaBSE -0.49 %. But, under Alok Misra, the previous chief, the bank saw a muted growth. Industry will wait to see if Iyer has the ability to restore the lost sheen for the bank.
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