ICICI Bank Gains After Announcing Appointment Of Sandeep Bakhshi As MD & CEO

ICICI Bank extended its recent upmove today. The stock is trading at Rs 321.50, up 2.65% on the BSE at 14.13 IST. The private sector lender said that Reserve Bank of India (RBI) has approved Sandeep Bakhshi's appointment as Managing Director and CEO of the bank for three years with effect from 15 October 2018. The stock had tumbled to around Rs 300 at the start of the month, testing its lowest level in nearly two months before witnessing some bargain buying. The total traded volume in the stock was 16.76 lakh shares today as compared to its two week average of 14.38 lakh shares.

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