The bank has sought the Reserve Bank of India’s (RBI’s) approval for the same in the first week of June, reported Mint quoting sources.
Moneycontrol could not independently confirm the development.
Mallya is currently an independent director on ICICI Bank's board.
“I believe the proposal was sent to RBI after discussing with the board. The majority of the board is in favour of Mallya as the chairman. The RBI decision has to concur with board’s proposal in such matters. (Still) the bank is yet to hear from RBI,” an executive familiar with the development told the paper on condition of anonymity.
As per the report, RBI and ICICI Bank did not reply to an email query
“I believe the proposal was sent to RBI after discussing with the board. The majority of the board is in favour of Mallya as the chairman. The RBI decision has to concur with board’s proposal in such matters. (Still) the bank is yet to hear from RBI,” an executive familiar with the development told the paper on condition of anonymity.
As per the report, RBI and ICICI Bank did not reply to an email query
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Source: https://www.moneycontrol.com/news/business/icici-bank-may-appoint-md-mallya-as-new-chairman-report-2614861.html
Source: https://www.moneycontrol.com/news/business/icici-bank-may-appoint-md-mallya-as-new-chairman-report-2614861.html
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