Sandeep Bakhshi appointed as ICICI Bank’s COO, Chanda Kochhar goes on Leave
India's second largest private bank, ICICI has appointed ICICI Prudential Life Insurance CEO Sandeep Bakhshi as whole-time director and chief operating officer (COO).
Meanwhile, Bank’s managing director Chanda Kochhar who is facing conflict-of-interest allegations will remain on leave until a committee investigating allegations of impropriety completes its work.
The ICICI Bank board, in its meeting held on Monday, has appointed Bakshi for a period of five years. In addition, the top-level reshuffle at the bank, executive director N.S Kannan will be replacing Sandeep Bakshi as chief executive of ICICI Prudential Life Insurance company.
The bank has also said that in its official statement that Bakshi will be reporting to Kochhar who will continue her role as MD and CEO of ICICI ban...