ICICI Bank names Sandeep Bakhshi as CEO, Chanda Kochhar to retire

ICICI Bank Ltd said on Thursday it has appointed Sandeep Bakhshi as Chief Executive Officer to replace Chanda Kochhar, who has requested early retirement from the bank.

Kochhar will also relinquish office from the Board of Directors of the bank’s units, it said in a statement.

Shares in ICICI rose as much as 5.8 percent following the announcement.