Brokerages cheer management revamp at ICICI Bank
Brokerages welcome the management revamp at ICICI Bank but await more clarity on a probe into nepotism allegations against CEO Chanda Kochhar and possible succession. The Mumbai-based lender on Monday named group veteran Sandeep Bakhshi as interim head, and said Kochhar would go on leave till the completion of a probe into alleged conflict of interest over loans given to Videocon whose founders had an interest in a renewable company founded by her husband. (Text: Reuters)
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