Ex-bureaucrat Girish Chandra Chaturvedi named ICICI Bank chairman

Chaturvedi's appointment for three years is effective from Sunday or 'the date of receipt of RBI approval for such appointment, whichever is later,' ICICI Bank said

His former colleagues in the powerful Indian Administrative Service fraternity remember Girish Chandra Chaturvedi's unassuming ways that endeared him to everybody around him. ICICI Bank, which named him non-executive chairman on Friday, would hope that the 1977 batch IAS officer, who retired as petroleum secretary five years ago, still retains that trait of his personality to guide the bank in its deepest hour of crisis. The board is looking up to him to provide “maturity and sagacity” to its deliberations, the bank said in a statement.

The decision to have a new chairman comes at a time when the largest