ICICI Bank up 4% on reports that board is mulling top management reshuffle

ICICI Bank was trading 4% higher at Rs 294 on the BSE in otherwise range-bound market after the media reports suggested that the board of private sector lender is discussing a reshuffle of its top management.
The BSE said the Exchange has sought clarification from ICICI Bank Ltd with respect to news article appearing on The Economic Times - June 18, 2018 titled "ICICI board mulls reshuffle of top management - ICICI Prudential Life chief Bakhshi may be named ICICI Bank interim Chief Executive Officer (CEO)".

The reply is awaited.

According to Business Standard report, ICICI Bank Chairman M K Sharma has written an email to board members seeking their opinion on whether Managing Director (MD) & Chief Executive Officer (CEO) Chanda Kochhar should be asked to go on indefinite leave until the internal enquiry is concluded, said people in the know.