ICICI Bank CEO Kochhar to Go on Leave as Allegations Probed
- Sandeep Bakhshi named Chief Operating Officer for 5 years
- Bakhshi will report to board during Kochhar’s absence
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Chanda Kochhar, chief executive officer of ICICI Bank Ltd. will be going on leave as a panel appointed by the lender probes allegations against her.
The bank’s board, which met in Mumbai on Monday, has decided to accept her request for going on leave, according to exchange filings. Sandeep Bakhshi, CEO of ICICI Prudential Life Insurance Co., will be chief operating officer, according to the filing.