Gold Silver Reports (GSR) – The private lender named Sandeep Bakhshi as its chief operating officer for five years, according to a bank statement filed with the stock exchanges after a day-long board meeting. Bakhshi, currently COO designate, will take over as COO on June 19 or on receiving regulatory and other approvals, whichever is later.
ICICI Bank Ltd.’s Managing Director and Chief Executive Officer Chanda Kochhar will go on leave till an independent probe into allegations of impropriety against her is completed.
He will be responsible for handling all the businesses and corporate centre functions at the bank, said the statement. All executive directors on the board of ICICI Bank and the executive management will report to him. While he will report to Kochhar, during her leave Bakhshi will report to the board, the bank said.
Kochhar, who the bank had earlier said was on a planned annual leave, will continue in her role as managing director and chief executive officer. – Neal Bhai Reports (NBR)
