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Which bank has appointed M D Mallya as an additional independent director of the bank?
  • a)
    Yes Bank
  • b)
    IDBI Bank
  • c)
    ICICI Bank
  • d)
    Canara Bank
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which bank has appointed M D Mallya as an additional independent direc...
The ICICI Bank on Tuesday appointed MD Mallya as an additional independent director on the board, the bank said in a statement. Mallya, who has served as the former Managing Director and Chairman of Bank of Baroda, takes on his new role with effect from May 29, 2018, the bank said. His tenure is for a period of five years, however, it is subjected to the approval of shareholders, the statement said.
The private bank's Chief Executive Officer, Chanda Kochhar, has been under the spotlight earlier this year for the allegations over the alleged conflict of interest over ICICI Bank providing loans to the Videocon Group. ICICI Bank reported a loss of Rs 1,020 crore, a fall of 49.6% year-on-year period.
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Most Upvoted Answer
Which bank has appointed M D Mallya as an additional independent direc...
The ICICI Bank board appointed former Bank of Baroda (BoB) chief M D Mallya as an additional (independent) directorfor a period of 5 years. M D Mallya's appointment is subject to the approval of shareholders. His appointment comes a month before the ICICI bank's chairman M K Sharma completes his term. Before joining BoB, M D Mallya was the chairman of Bank of Maharashtra. He is 65 years old.
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Which bank has appointed M D Mallya as an additional independent director of the bank?a)Yes Bankb)IDBI Bankc)ICICI Bankd)Canara BankCorrect answer is option 'C'. Can you explain this answer?
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