Business Standard

The story behind the choice of RBL Bank CEO

Does this smack of the regulator's lack of confidence in the bank's board?

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Tamal Bandyopadhyay
On June 19, 2018, the day ICICI Bank Ltd’s CEO and managing director Chanda Kochhar went on leave and Sandeep Bakhshi took over as its chief operating officer, the bank’s stock rose 4 per cent. Three and a half months later, in October, when Kochhar resigned and Bakhshi moved into the corner room, the stock jumped 5.8 per cent.

Many years back in late 2007, IndusInd Bank Ltd stock more than doubled when market sensed that Romesh Sobti, then executive vice president – country executive, India, and head, UAE and subcontinent, at ABN Amro Bank NV, would take over as
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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First Published: Jun 19 2022 | 5:31 PM IST

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