Business
ICICI Bank board is said to be divided over CEO Chanda Kochhar’s future - Financial Express
The board of India’s ICICI Bank Ltd., which less than two weeks earlier expressed full faith in Chief Executive Officer Chanda Kochhar, is divided over whether to ask her to step down as federal authorities investigate allegations of impropriety over loans made to Videocon group, people with knowledge of the matter said. At least some outside directors are opposed to Kochhar continuing in her role, according to the people, who asked not to be identified as the information is not public.
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