This is with reference to “Kochhar goes on leave, Bakshi appointed COO” (June 19). The saying: Better late than never aptly applies to the high profile MD and CEO Chanda Kochhar (pictured) of ICICI Bank for belatedly deciding to proceed on leave.
As a matter of fact, Kochhar on her own volition should have chosen to stay away immediately after the controversial loans came in public domain. It would appear that the Board of Directors of the bank continue to be beholden to Kochhar, as according to the press release, it is Kochhar’s decision to go on leave and not Board’s.
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