Gold Silver Reports (GSR) – The private lender named Sandeep Bakhshi as its chief operating officer for five years, according to a bank statement filed with the stock exchanges after a day-long board meeting. Bakhshi, currently COO designate, will take over as COO on June 19 or on receiving regulatory and other approvals, whichever is later.
Sandeep Bakhshi
Finally, Chanda Kochhar Did What She Should Have Done Earlier
Gold Silver Reports (GSR) – Finally, Chanda Kochhar Did What She Should Have Done Earlier — On 1 June, reacting to a Mint report that the independent directors of ICICI Bank Ltd asked managing director and chief executive officer (CEO) Chanda Kochhar to go on leave till a probe into her conduct by an independent agency is complete, the bank’s stock rose nearly 5%. The probe was announced following a whistleblower’s complaint on her alleged misconduct. After the bank denied the report and said she was on her planned annual leave, shares surrendered most of the gains.