ICICI Bank, India’s second-largest lender by market capitalization, has denied a media report Thursday which said Managing Director and CEO Sandeep Bakhshi wants to step down from his position.

Shares of ICICI Bank were flat on May 2 after the bank categorically denied reports of CEO and MD Sandeep Bakshi wanting to quit his position. ICICI Bank termed The Morning Context report as 'baseless',

Icici Bank stock price went up today, 03 May 2024, by 0.18 %. The stock closed at 1139.9 per share. The stock is currently trading at 1142 per share. Investors should monitor Icici Bank stock price closely in the coming days and weeks to see how it reacts to the news.

The private sector lenders, which recently reported a strong set of numbers in the fourth quarter ended March 31, said the report was completely baseless

ICICI Bank's four-fold jump in stock price since 2018 reflects investors' faith in the private lender ever since Sandeep Bakhshi donned the heavy hat from Chandra Kochhar

ICICI Bank "categorically denied" reports regarding MD Sandeep Bakhshi allegedly expressing willingness to leave his position

Context report said that Sandeep Bakhshi indicated he wants to be relieved as managing director and CEO of ICICI Bank due to personal emergency. But the Reserve Bank of India (RBI) was against him stepping down.

The news portal named reported that ICICI Bank, MD&CEO Bakhshi wants to quit, but now ICICI Bank officials have responded on the claim by portal.