Chanda Kochhar quits ICICI Bank, Sandeep Bakhshi appointed as CEO & MD
Sandeep Bakhshi's appointment will be for a period of five years until October 3, 2023
 "Chanda Kochhar quits ICICI Bank, Sandeep Bakhshi appointed as CEO & MD")
premium
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.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%