Is Chanda Kochhar on ‘forced leave’?
Tuesday - June 19, 2018 2:28 pm ,
Category : WTN SPECIAL
Many changes to be done in ICICI bank
JUNE 19 (WTN) – According to the media reports, ICICI Bank CEO Chanda Kochhar can resign in the coming days. It is believed that he is under pressure to resign. Meanwhile, the round of changing in ICICI Bank's top management continues. For your information, let you know that Bank CEO and Managing Director Chanda Kochhar is on ‘leave’ and Sandeep Bakshi has been appointed as Chief Operating Officer(COO) of the bank.
As per the media sources, Chanda Kochar is not on leave, he has been sent on ‘forced leave’. Although a few days ago the board members(ICICI) had to say that Chanda Kochhar's vacation had been decided earlier, but after the appointment of Sandeep Bakshi as COO, it is reported that Chanda Kochar will remain on leave(forced leave ?) until the completion of the investigation. For your information, let you know that Chanda Kochhar and her husband have been accused of corruption in the Videocon loan case.
According to the information, Chanda Kochhar can resign from her post soon. It is believed that new CEO can be announced by ICICI Bank by June 30. According to the information last month, the board had sought information from Chanda Kochhar in this regard. After which she offered her resignation. However, the Board does not want her resignation’s impact to be introduced immediately in the Market.
It is being said that Chanda Kochhar has been sent on ‘forced leave’. It is believed that there is pressure from RBI to keep Chanda Kochhar on leave until the investigation of loan fraud is completed. Not only, the news is that some board members want to replace Chanda Kochhar soon and want to appoint new CEO.
According to sources, Sandeep Bakshi has been appointed as COO for the time being, but he will soon be given the post of interim CEO and after the resignation of Chanda Kochar, he can be appointed as the new CEO of the ICICI bank. According to reports in the media, there is pressure on the ICICI board to remove Chanda Kochhar as CEO post of ICICI bank. This pressure can be from the government or the RBI. However it is being said that there is no such pressure on the board. The CBI and the Income Tax Department are investigating this matter right now. At the same time, the government has also made it clear that it is an internal matter of the ICICI bank and it will have to deal with it itself.
JUNE 19 (WTN) – According to the media reports, ICICI Bank CEO Chanda Kochhar can resign in the coming days. It is believed that he is under pressure to resign. Meanwhile, the round of changing in ICICI Bank's top management continues. For your information, let you know that Bank CEO and Managing Director Chanda Kochhar is on ‘leave’ and Sandeep Bakshi has been appointed as Chief Operating Officer(COO) of the bank.
As per the media sources, Chanda Kochar is not on leave, he has been sent on ‘forced leave’. Although a few days ago the board members(ICICI) had to say that Chanda Kochhar's vacation had been decided earlier, but after the appointment of Sandeep Bakshi as COO, it is reported that Chanda Kochar will remain on leave(forced leave ?) until the completion of the investigation. For your information, let you know that Chanda Kochhar and her husband have been accused of corruption in the Videocon loan case.
According to the information, Chanda Kochhar can resign from her post soon. It is believed that new CEO can be announced by ICICI Bank by June 30. According to the information last month, the board had sought information from Chanda Kochhar in this regard. After which she offered her resignation. However, the Board does not want her resignation’s impact to be introduced immediately in the Market.
It is being said that Chanda Kochhar has been sent on ‘forced leave’. It is believed that there is pressure from RBI to keep Chanda Kochhar on leave until the investigation of loan fraud is completed. Not only, the news is that some board members want to replace Chanda Kochhar soon and want to appoint new CEO.
According to sources, Sandeep Bakshi has been appointed as COO for the time being, but he will soon be given the post of interim CEO and after the resignation of Chanda Kochar, he can be appointed as the new CEO of the ICICI bank. According to reports in the media, there is pressure on the ICICI board to remove Chanda Kochhar as CEO post of ICICI bank. This pressure can be from the government or the RBI. However it is being said that there is no such pressure on the board. The CBI and the Income Tax Department are investigating this matter right now. At the same time, the government has also made it clear that it is an internal matter of the ICICI bank and it will have to deal with it itself.
