INSUBCONTINENT EXCLUSIVE:
cent on Monday, after a report suggested that the board of the private sector bank was mulling reshuffling the top management
293.90 during the session
Bank, one of the largest private sector lenders in the country, on the report
A reply is awaited from ICICI Bank.The ICICI Bank group is discussing a reshuffle of its top management that may see its life insurance
venture's CEO Sandeep Bakhshi becoming interim chief at ICICI Bank, the Economic Times reported citing people familiar with the matter.Mr
Bakhshi currently serves as managing director and CEO of ICICI Prudential Life Insurance.The report comes amid allegations over conflict of
interest in loans made to Videocon, a consumer electronics and oil and gas exploration company, which is alleged to have been favoured by
the bank's MD and CEO Chanda Kochhar.ICICI Bank had earlier this month said Chanda Kochhar was on a planned annual leave and denied a media
report that she was asked to go on leave until an independent board enquiry was concluded.In March this year, the bank had rebutted charges
of nepotism and said the board had "full confidence and reposes full faith" in Ms Kochhar.Ms Kochhar began her career with the erstwhile
ICICI Limited in 1984 and was elevated to the board of directors of ICICI Bank in 2001
She served as the joint managing director and chief financial officer from 2007 to 2009, and was elevated to be the managing director and
She has been responsible for the bank's diverse operations in India and overseas since then, according to the bank's website.
