After giving clean chit to former ICICI Bank chief Chanda Kochhar, law firm Cyril Amarchand Mangaldas withdraws report
ICICI Bank in a regulatory filing on Tuesday said the clean chit given to Kochhar in March this year was based on the inquiry report of the law firm which is now saying that the same should no longer be treated as valid.
After the resignation of Chanda Kochhar, who was facing an inquiry, earlier this month, the bank's board had elevated Chief Operating Officer (COO) Bakhshi as the new managing director and CEO for five years until 3 October 2023, subject to regulatory and other approvals.
Chanda Kochhar resigns as ICICI Bank MD and CEO: The fall of a feisty woman who broke the glass ceiling
Kochhar joined ICICI, an infrastructure lender in its earlier avatar, as a management trainee in 1984 and rose to play an important part in its transformation into a retail-focused lender
Bakhshi has been with the ICICI Group for 32 years and has handled various assignments in ICICI Limited, ICICI Lombard General Insurance, ICICI Bank and ICICI Prudential Life Insurance
ICICI Bank gets Reserve Bank of India's nod for Sandeep Bakshi's appointment as Chief Operating Officer
Earlier, Sandeep Bakhshi was the MD and CEO of ICICI Prudential Life Insurance
Videocon-Chanda Kochhar row: ICICI Bank tells US markets watchdog that BN Srikrishna probe poses risk to its reputation
ICICI Bank tells the US SEC that the Central Bureau of Investigation (CBI) has initiated a preliminary enquiry against some of its officers.
ICICI Bank posts loss of Rs 120 cr in Q1: Why lender's April-June quarter numbers remind one an old PSB trick
ICICI Bank has ignored the short-term pain in its P&L to put the balance sheet in order. This should help improve the health of the lender in the long-term
ICICI Bank board to blame for letting Chanda Kochhar hold her position despite controversy, say corporate governance experts
The ICICI Bank board’s duty is to look out for the bank and do right by the lender. Instead, it chose to stand by long-serving boss Chanda Kochhar.
ICICI Bank names Sandeep Bakhshi as COO: A military aspirant turned banker is being prepped to battle crises
Bakhshi's to-do list will include managing investors, shareholders and regulators, who have questioned ICICI Bank's corporate governance standards
Videocon loan row: ICICI Bank's Board names Sandeep Bakhshi as COO; Chanda Kochhar to go on indefinite leave
ICICI Bank boss Chanda Kochhar volunteers to go on leave till the Justice BN Srikrishna probe ends. That enquiry was instituted to examine allegations of conflict of interest against Kochhar.
Board could ask ICICI Bank CEO Chanda Kochhar to go on indefinite leave until the Srikrishna probe is concluded