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ICICI Bank appoints Sandeep Bakhshi as COO; Kochhar to remain on leave

Press Trust of India  |  New Delhi 

today announced the appointment of as and said would be on leave till completion of the internal enquiry against her in the Videocon loan matter.

Bakhshi, who is currently MD and of ICICI Prudential Life Insurance, would take over as the bank's on June 19, subject to various approvals.

In line with the highest levels of governance and corporate standards, Kochhar has decided to go on leave till the completion of the enquiry as announced on May 30, 2018, the said.

Kochhar and her family members are facing allegations of quid pro quo and conflict of interest with respect to a loan extended to the

Last month, the had announced an independent enquiry into the allegations against Kochhar following a complaint from a whistle-blower.

The bank's board also recommended the appointment of N S Kannan as MD and of ICICI Prudential Life Insurance Company.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 18 2018. 21:06 IST