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ICICI Bank names Bakhshi as interim head; CEO Chanda Kochhar to go on leave during probe

Reuters  |  MUMBAI 

MUMBAI (Reuters) - ICICI Bank named group veteran Sandeep Bakhshi as its interim head on Monday, and said its Chief Executive Chanda Kochhar would go on leave pending the completion of a probe over an alleged conflict of interest that has led to months of controversy for the lender.Bakhshi, who currently heads ICICI's life insurance arm, will take up a newly created position of chief operating officer at the bank for a period of five years beginning June 19, pending regulatory approvals, the bank said in a statement late on Monday.Bakhshi will report to the bank's board during the period of ...

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First Published: Mon, June 18 2018. 21:43 IST