India: ICICI appoints Bakhshi CEO after scandal-hit Kochhar resigns

India: ICICI appoints Bakhshi CEO after scandal-hit Kochhar resigns

People exit an entrance of ICICI Bank Ltd.'s head office in Mumbai, India. Photographer: Kuni Takahashi/Bloomberg

ICICI Bank Ltd chief Chanda Kochhar, who has been mired in controversy for months, resigned on Thursday after seeking an early retirement and will be replaced by Sandeep Bakhshi, the Indian private lender said.

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