ICICI Bank Falls As Board Said To Be Divided Over CEO Kochhar’s Future
Shares of the country’s second-largest private sector lender fell as much as 2 percent to Rs 274.70 as its board is divided over whether to ask her to step down as federal authorities investigate allegations of impropriety over loans made to Videocon group.
At least some outside directors are opposed to Kochhar continuing in her role, Bloomberg report added citing people who asked not to be identified.
