New Delhi: ICICI Bank Chairman Chanda Kochhar will be on leave till completion of inquiry against her in the Videocon loan matter, the Bank announced on Monday. Sandeep Bakhshi has been appointed as the Chief Operating Officer for the interim period.
Bakhshi currently serves as the MD and CEO of ICICI Prudential Life Insurance. He would be taking up as the bank’s COO after regulatory approvals. The appointment will be for a period of five years and he will be handle the businesses of the bank.
Chanda Kochhar and her family have been accused of conflict of interest with respect to a loan of Rs 3, 250crore granted to Videocon group.
On May 30, the bank had announced to hold an indpedent inquiry into the incident.
The Bombay Stock Exchange had also asked ICICI Bank to respond to reports that it was considering a top-level reshuffle.
Bhubaneswar: An attempt for an amicable settlement of the dispute, involving Ollywood director Bobby Islam…
Bhubaneswar: Dense fog occurred at one or two places in Sundargarh and shallow to moderate…
Mumbai: The Mumbai Police crime branch revealed that an accused in the Baba Siddiqui murder…
Bhubaneswar: Kashika Misra has created history by becoming the first Odia girl to win any…
Moscow: President Vladimir Putin has warned the countries that allow Ukraine to use their weapons…
Bhubaneswar: After a five-month-long investigation, Jharsuguda police in Odisha busted an inter-state cybercrime racket and…
Bhubaneswar: Vedanta Aluminium has expanded its ‘Swarna Prashan’ initiative, an Ayurveda-based immunisation drive, to over…
Ottawa: The government in Canada, led by Justin Trudeau, on Friday denied linking Prime Minister…