ICICI Bank up 4% on reports that board is mulling top management reshuffle

ICICI Bank was trading 3.8% higher at Rs 293 on the BSE, as compared to 0.09% decline in the S&P BSE Sensex at 12:45 pm.

ICICI Bank was trading 4% higher at Rs 294 on the BSE in otherwise range-bound market after the media reports suggested that the board of private sector lender is discussing a reshuffle of its top management.

The BSE said the Exchange has sought clarification from ICICI Bank Ltd with respect to news article appearing on The Economic Times - June 18, 2018 titled "ICICI board mulls reshuffle of top management - ICICI Prudential Life chief Bakhshi may be named ICICI Bank interim Chief Executive Officer (CEO)".

The reply is awaited.

According to Business Standard report, ICICI Bank