• Chanda Kochhar, the managing director and chief executive officer of private sector lender ICICI Bank, has called it quits.
• The development comes even as the Srikrishna committee, which is probing charges of conflict of interest against her, is yet to officially submit its findings to the bank’s board.
• The lender has named Sandeep Bakhshi as the new MD & CEO and handed him a five-year term till October 3, 2023.
• Mr. Bakhshi was appointed as the chief operating officer in June after the bank constituted a committee, headed by Justice B.N. Srikrishna (retired), to look into the allegations of conflict of interest against Ms. Kochhar.