Girish Chandra Chaturvedi named ICICI Bank's non-exec part-time chairman

Private sector lender ICICI Bank appointed former bureaucrat Girish Chandra Chaturvedi as its non-executive part-time chairman on Friday. 

Chaturvedi is a 1977-batch IAS officer, who retired as the Oil Secretary in January 2013.  

The bank will now send Chaturvedi's name to the Reserve Bank of India for clearance. The term of M K Sharma, the current chairman of ICICI Bank, ends on June 30.

Speaking to ET NOW soon after his appointment, Chaturvedi said he was privileged to be a part of ICICI Bank. 

"(We) need to learn lessons and rectify past mistakes," Chaturvedi told the channel. 

"It