Comments
The government has appointed Lalit Kumar Chandel, Economic Advisor, Ministry of Finance, as its nominee-director on the board of ICICI Bank.
He will replace Lok Ranjan on the board of the private sector lender. Ranjan had been earlier been laterally transferred to Department of Personnel and Training.
The government’s nominee-director could now play a more active role on the private sector lender’s board. Earlier, in the wake of allegations surrounding ICICI Bank’s former Managing Director and CEO Chanda Kochhar, the government’s nominee director had skipped board meetings and was conspicuous by his absence.
Meanwhile, in a separate regulatory filing, ICICI Bank said its Board appointed Committee of Executive Directors will be meeting on December 10 to consider domestic fund raising. On Wednesday, ICICI Bank shares fell 1.93 per cent and closed at ₹351.10 apiece on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.