Chanda Kochhar quits ICICI Bank

ICICI Bank Managing Director Chanda Kochhar has resigned from the bank with immediate effect.

The board of the bank has accepted the request of Kochhar to seek early retirement, according to a regulatory filing.

“The board accepted this request with immediate effect. The enquiry instituted by the board will remain unaffected by this and certain benefits will be subject to the outcome of the enquiry,” the bank said Thursday. The board has decided to appoint Sandeep Bakhshi as Managing Director and Chief Executive Officer.

His appointment will be for a period of five years until October 3, 2023, subject to various approvals.

x

Check Also

BSE-Bombay_Stock_Exchange_Building

Sensex surges 600 points; Nifty reclaims 12200

The BSE benchmark Sensex soared 635 points on Thursday as global investors heaved a sigh ...

error: