ICICI Bank has clarified that the reports about the private lender’s MD & CEO, Sandeep Bakshi’s willingness to step down is baseless.
“This is with regard to an article carried in The Morning Context, a news portal, with the headline “ICICI Bank in a tizzy after CEO move comes out of left field”,” said ICICI Bank in an exchange filing. The Morning Context in the article quoting three people stated that Sandeep Bakshi indicated he wants to step down from his position.
“He has some personal emergency. That is why he wants to step down,” said the news portal quoting one of the three sources.
What ICICI Bank said
ICICI Bank emphatically stated that “We would like to categorically deny the information published in the article regarding ICICI Bank’s MD allegedly expressing willingness to leave his position due to personal reasons. This information is figment of imagination and therefore, completely baseless and misleading. It appears that this rumour is being spread with an ulterior motive and malicious intent in order to harm the Bank and its stakeholders.”
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