NEW DELHI: ICICI Financial institution on Thursday denied a media report that its CEO and MD Sandeep Bakhshi needs to stop his place.
In a inventory alternate submitting, ICICI Financial institution mentioned the report about Bakhshi eager to be relieved as MD and CEO owing to a private emergency is “baseless”.
“We wish to categorically deny the knowledge printed within the article relating to ICICI Financial institution’s MD allegedly expressing willingness to go away his place because of private causes,” the financial institution mentioned in its submitting.
ICICI Financial institution added that this data is a “figment of creativeness” and due to this fact, “fully baseless and deceptive”.
“It seems that this hearsay is being unfold with an ulterior motive and malicious intent as a way to hurt the Financial institution and its stakeholders,” the submitting learn.
Late final month, the nation’s second-largest personal sector lender reported a 17.38 per cent enhance in web revenue to Rs 10,707 crore for This fall FY24, in comparison with the corresponding determine of Rs 9,122 crore within the year-ago interval.
ICICI Financial institution registered an 8 per cent enhance in web curiosity earnings (NII) at Rs 19,093 crore for the January-March interval, in comparison with Rs 17,667 crore reported in the identical quarter in FY23.
