CURRENT AFFAIRS

Detailed explanation-1: -Sandeep Bakhshi will report to the bank’s board during the period of Kochhar’s leave and will be responsible for handling all the businesses and corporate centre functions. All the executive directors of the bank and its executive management would report to Bakhshi. 7.

Detailed explanation-2: -Sandeep Bakshi: Meet the man who replaces Chanda Kochhar as ICICI Bank’s new CEO | Who is Sandeep Bakshi?

Detailed explanation-3: -The re-appointment period to start from October 4, 2023. The board of directors of ICICI Bank has re-appointed Sandeep Bakhshi as the bank’s managing director (MD) and chief executive officer (CEO) for a period of three years, the bank said in a regulatory filing.

Detailed explanation-4: -Chanda Kochhar’s chapter at ICICI Bank ended abruptly in 2018 when the board of directors approved a request from Kochhar to seek early retirement following allegation of corruption and quid pro-quo while extending loans to the now bankrupt Videocon Industries.

Detailed explanation-5: -ICICI Bank has appointed Sandeep Bakhshi as the new Managing Director (MD) and CEO after Chanda Kochhar quit the bank. The bank accepted Kochhar’s early retirement and appointed Bakshi in her place. Bakhshi held the position of the COO of ICICI Bank.