Today, ICICI Bank Managing Director and CEO Chanda Kochhar have resigned from her post, the lender reports in a regulatory filing. Ms. Kochhar resignation was accepted by the ICICI bank’s board as she seeks for an early retirement, as per the report.
ICICI Bank reports that “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 board of bank has now decided to appoint Sandeep Bakshi as CEO (Chief Executive Officer) and Managing Director of ICICI.
Mr. Bakshi’s appointment will be for a period of 5-years, which means until October 3, 2023, and subjected for approvals.