Sandeep Bakhshi: The last man standing or a turnaround banker?

The man ICICI is banking on to fix its crisis is the least controversial choice for the job

Five days ago ICICI Bank’s board made an announcement that put to rest a number of theories floating around ICICI Bank-Chanda Kochhar saga that has been making the news for the last couple months. In a notice to stock exchanges, the board announced that Sandeep Bakhshi, the 57-year-old ICICI employee who had been managing director and CEO of ICICI Prudential Life Insurance since 2010, was now promoted to Chief Operating Officer for the bank with a line of reporting that led straight to Kochhar. Kochhar, incidentally had gone on leave and in her absence he would be the de facto