Chanda Kochhar’s current tenure as ICICI Bank CEO is set to end on 31 March 2019. Sharma said there was “no question” of any quid pro quo, nepotism or conflict of interest and expressed “full faith and confidence” in Kochhar, according to the filing. The board also includes a government nominee and five executive directors from ICICI. “Your information is totally baseless and incorrect,” an ICICI spokesman said in an email when asked if some board members want Kochhar to step down. On Monday, ICICI Bank shares fell 0.05%, or Rs0.15, to Rs280.45 on the BSE while the benchmark Sensex gained 0.48%, or 161.57 points, to 33,788.54 points.

Source: Mint April 09, 2018 04:30 UTC