Banking

RBI approves appointment of Girish Chandra

RBI approves appointment of Girish Chandra Chaturvedi

ICICI Bank on Tuesday said RBI has approved the appointment of Girish Chandra Chaturvedi as non-executive (part-time) Chairman of the bank till 30 June 2021.

The private lender had appointed the former petroleum secretary as the company’s non-executive chairman on 29 June.

“We wish to inform you that RBI ..has approved the appointment of Girish Chandra Chaturvedi as Non-executive (part-time) Chairman of the bank effective today till 30 June 2021,” ICICI Bank said in a regulatory filing.

ICICI Bank is under the scanner of various regulatory agencies for alleged conflict of interest involving its CEO Chanda Kochhar and her family members in extending loans to some corporates, including the Videocon Group.

Last month, ICICI Bank announced that Kochhar has decided to go on leave till the completion of an external enquiry into the matter.

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