BUSINESS

RBI approves 3-year term for Bakhshi as ICICI Bank chief

RBI clears 3-year term for Sandeep Bakhshi

The Reserve Bank of India has approved the appointment of Sandeep Bakhshi as the managing director and chief executive officer of ICICI Bank for three years, as against a five-year term sought by the lender, with effective from October 15, the bank informed the exchanges. Mr. Bakhshi was elevated from the post of COO to MD and CEO after the resignation of Chanda Kochhar on October 4.PTI

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