ICICI Bank names Girish Chandra Chaturvedi as non-executive Chairman
New Delhi, June 29 : The Board of Directors of ICICI Bank has approved the appointment of Girish Chandra Chaturvedi as non-executive part-time Chairman effective from July 1, 2018 subject to regulatory approvals, in the vacancy caused by cessation of term of M.K. Sharma (Independent Director & Chairman).
"This is to inform you that the Board of Directors of ICICI Bank at its Meeting held today appointed Mr. Girish Chandra Chaturvedi as an Additional (Independent) Director effective July 1, 2018 for a period of 3 years subject to the approval of shareholders. The term of office of M. K. Sharma expires on June 30, 2018," a regulatory filing by the lender in the BSE stated.
Private lending major ICICI Bank on June 18 announced the appointment of Sandeep Bakhshi as Whole Time Director and Chief Operating Officer (COO) designate as its MD and CEO Chanda Kochhar decided "to go on leave till the completion of the inquiry" in relation to the allegations levelled against her.
Following Sandeep Bakhshi's appointment as ICICI Bank Chief Operating Officer on June 18, ICICI Bank on June 19 had appointed N.S. Kannan as the Managing Director and Chief Executive Officer (CEO) of ICICI Prudential Life Insurance Company, "subject to regulatory and other approvals".
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Palaniswami will meet same fate of Bihar CM, says Stalin
Madurai (PTI): Tamil Nadu Chief Minister M K Stalin on Saturday claimed that AIADMK chief Edappadi K Palaniswami would meet the same fate as Bihar Chief Minister Nitish Kumar, at the hands of the BJP.
Only till 2026 TN Assembly polls, Palaniswami will be AIADMK chief, and later the BJP would "ease him out of office," Stalin alleged and slammed Palaniswami as an epitome of "betrayal".
"The BJP will dislodge Palaniswami from the top AIADMK post of general secretary, and bring a leader of its choice to that position," he said after welcoming scores of O Panneerselvam's supporters into the DMK in a rally organised in Madurai.
The expelled AIADMK leader had joined the DMK along with his former MP son O Ravindranath, in the presence of Stalin on February 27 in Chennai.
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