Chanda Kochhar, the former Managing Director of ICICI Bank on Monday submitted the amended petition challenging her termination from the bank in the Bombay High Court. The amended petition has now added RBI as a party to the case. The amended petition claimed that the RBI gave the approval without “due and proper application of…
In a recent development in the case of Chanda Kochhar versus ICICI Bank, the former CEO has sought permission from the Bombay High Court to amend her petition in view of the reply given by the bank to the court. Kochhar had earlier (30th November) moved the court challenging her termination and subsequent clawback of…
ICICI Bank Limited, the Indian multinational banking, and financial services company headquartered in Mumbai, today announced that the firm received the approval of RBI for the appointment of Sandeep Bakshi as Managing Director and CEO of the bank for three years. This appointment came when ICICI accepted the early retirement plea of Chanda Kochhar, ICICI Bank’s former MD…
Chanda Kochhar, 56, the Chief Executive Officer and Managing Director of ICICI Bank has left the firm today after her early retirement plea has been accepted by the firm. Post-retirement benefits of Ms. Kochhar will be “subject to the outcome of the inquiry”, ICICI said in a statement. ICICI has named Sandeep Bakhshi as the new CEO and…