Lok Ranjan to continue as govt nominee on ICICI board
The Finance Ministry has said Lok Ranjan will continue as an independent director on ICICI Bank's board despite his transfer to the Personnel Ministry. The reshuffling comes amid allegations of conflict of interest faced by ICICI CEO Chanda Kochhar in extending a â¹3,250-crore loan to Videocon Group. Notably, Ranjan had skipped board meetings of ICICI Bank held last week.