• Saturday, August 13, 2022

Business

India’s ICICI Bank MD Chanda Kochhar Quits

Chanda Kochhar (Photo: INDRANIL MUKHERJEE/AFP/Getty Images).

By: Radhakrishna N S

India’s ICICI Bank managing director (MD) Chanda Kochhar has resigned from the lender with immediate effect on Thursday (4). The board of the lender has accepted the request from Kochhar for early retirement from the service. “The board of directors of the ICICI Bank Limited accepted the request of Chanda Kochhar to seek early retirement from the bank at the earliest. The board accepted this request with immediate effect. The enquiry instituted by the board will remain unaffected by this and certain benefits will be subject to the outcome of the enquiry. Kochhar will also relinquish office from the board…

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