ICICI Bank Ltd (ICBK.NS)
15 Oct 2018
Thu, Oct 4 2018
MUMBAI/BENGALURU ICICI Bank Ltd chief Chanda Kochhar, who has been mired in controversy for months, resigned on Thursday after seeking an early retirement and will be replaced by Sandeep Bakhshi, the Indian private lender said.
* Move removes element of uncertainty, positive for stock -analyst
Oct 4 ICICI Bank Ltd said on Thursday it has appointed Sandeep Bakhshi as Chief Executive Officer to replace Chanda Kochhar, who has requested early retirement from the bank.
Aug 24 Indian shares closed lower on Friday after four straight sessions of gains, as investors took a breather following a record-setting spree.
Aug 9 Indian shares ended at record closing highs on Thursday, driven by strong gains in financial stocks such as ICICI Bank Ltd and Axis Bank Ltd.
* Long-serving CEO Kochhar on leave over alleged nepotism charges (Adds more details, Bank of Baroda results)
July 27 ICICI Bank Ltd, India's third-largest lender by assets, reported a surprise first-quarter net loss on Friday on higher provisions for bad loans and treasury losses.
July 16 Indian shares ended lower on Monday, as a dip in oil prices hurt energy stocks such as Reliance Industries Ltd, while ICICI Bank Ltd fell on reports that the bank has hired a law firm to look into allegations of irregularities in some loan accounts.
June 29 India's ICICI Bank Ltd said on Friday it appointed Girish Chandra Chaturvedi as part-time, non-executive chairman, effective July 1.
* Bakhshi, CEO of ICICI Pru Life, named bank COO from June 19