BUY ICICIBANK ABOVE 300 TG 309,318 SL 288
ICICI Bank share price rallied more
than 2 percent on Thursday on a media report that there could be appointment of
new chairman soon.
The country's largest private sector lender may appoint former
Bank of Baroda Chairman and Managing Director MD Mallya as a successor to the
current ICICI Bank Chairman MK Sharma when his term ends on June 30.As per the report, RBI and ICICI Bank did not reply to an email
query.
On Monday, the board of directors of ICICI Bank had appointed
Sandeep Bakhshi as its Wholetime Director and Chief Operating Officer (COO)
designate.The new COO will be responsible for handling all businesses and
corporate operations of the bank.Further, reports of the bank appointing a law firm and risk
assessment company to assist the independent enquiry against its CEO soothed
market investors.
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