ICICI Bank refuted a media report that said CEO and MD Sandeep Bakhshi of the private lender intends to resign from the post owing to personal reasons.
Calling The Morning Context report "completely baseless and misleading," the company said, "This rumour is being spread with an ulterior motive and malicious intent in order to harm the bank and its stakeholders."
In a filing to the exchanges, the bank issued a clarification on the report saying, "We would like to categorically deny the information published in the article regarding ICICI Bank’s MD allegedly expressing willingness to leave his position due to personal reasons. This information is figment of imagination and therefore, completely baseless and misleading. It appears that this rumour is being spread with an ulterior motive and malicious intent in order to harm the Bank and its stakeholders."
Shares of ICICI bank declined over 0.50 per cent on Thursday at the filing of this report.
The private lender had recently reported that its March quarter consolidated net profit grew 18.5 per cent to Rs 11,672 crore.
On a standalone basis, the second largest private sector lender showed a 17.4 per cent growth in its profit after tax at Rs 10,708 crore for the reporting quarter against Rs 9,122 crore in the year-ago period.
Following the earnings report, the company's market capitalisation (mcap) soared Rs 36,555.4 crore to Rs 8,14,033.29 crore, becoming the fifth company in India to cross Rs 8 lakh crore mcap milestone.
