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Chanda Kochhar quits ICICI Bank; Sandeep Bakhshi appointed as new MD and CEO

Updated : October 05, 2018 07:11 AM IST

Sandeep Bakhshi has been appointed as the new MD and CEO for five years, with effect from October 3.
Chanda Kochhar and her family members are facing allegations of quid pro quo and conflict of interest with respect to a loan extended to the Videocon group.
Chanda Kochhar is believed to have maintained that she had no information about her husband’s business dealings; the bank has given similar replies.
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