Former Petroleum Secretary Girish Chandra Chaturvedi has been appointed as non-executive chairman of ICICI Bank. The term of office of incumbent M K Sharma expires on June 30, 2018. The appointment is effective July 1, 2018 for a period of three years, subject to the approval of shareholders.CICI Bank is under the scanner of various regulatory agencies for alleged conflict of interest involving its CEO Chanda Kochhar and her family members in extending loans to some corporates, including the Videocon Group.

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