ICICI: Chanda Kochhar has not been asked to go on leave

Jun 02, 2018, 08:44 IST | Agencies

Interestingly, the company on May 30 announced that its board has decided to institute a "comprehensive enquiry" to look into an anonymous whistle blower's complaint

Chanda Kochhar. Pic/AFP
Chanda Kochhar. Pic/AFP

Private sector banking major ICICI Bank said that the company's MD and CEO Chanda Kochhar has not been asked to go on "leave". The lender's clarification came after a media report said that Kochhar has been asked to go on a leave.

An ICICI Bank spokesperson on Friday said, "This is with regards to a media report. The ICICI Bank board denies having asked Chanda Kochhar to go on leave." "She is on her annual leave, which was planned in advance. Further, the board denies that it has appointed any search committee to find her successor."

Interestingly, the company on May 30 announced that its board has decided to institute a "comprehensive enquiry" to look into an anonymous whistle blower's complaint alleging that Kochhar had not adhered to provisions relating to "code of conduct" of the bank.

Besides, the bank in a regulatory filing on last Wednesday said the scope of enquiry would be comprehensive and include all relevant matters arising out of and in the course of examination of the facts.

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