ICICI Prudential Denies CEO Bagchi In Race For IndusInd Top Job

ICICI Prudential Life Insurance Co. Ltd. on Friday dismissed media speculation that its MD and CEO Anup Bagchi is being considered for the top post at IndusInd Bank.

The clarification comes after a Hindu Business Line report claimed Bagchi was among three probable candidates for the IndusInd CEO role. IndusInd Bank had earlier confirmed that the Reserve Bank of India asked its board to submit a list of potential CEO candidates by June 30. 

The bank has been under regulatory and audit scrutiny since March, when it reported a ₹20 billion hit to net worth due to derivative accounting issues. Additional irregularities have since surfaced, prompting leadership changes.