ICICI Bank Names Sandeep Bakhshi As COO

The ICICI Bank board has appointed ICICI Prudential Life Insurance CEO Sandeep Bakhshi as whole-time director and chief operating officer (COO), creating a new top position at India’s second largest private bank, to steer all its businesses.

Chanda Kochhar, ICICI Bank’s managing director and CEO will remain on leave until a committee investigating allegations of impropriety completes its work. Bakhshi has been appointed for a period of five years. Bakhshi will continue as non-executive director of ICICI Prudential Life Insurance. N.S. Kannan has been appointed as CEO of ICICI Prudential Life Insurance for five years.

Source- The Livemint

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-

  • ICICI Bank stands for Industrial Credit and Investment Corporation of India.
  • Headquarters of ICICI Bank: Mumbai.