Fifty-two days after reposing “full faith and confidence” in ICICI Bank’s MD and CEO Chanda Kochhar and stating there was “no question of any quid pro quo/nepotism/conflict of interest”, the board of India’s largest private sector bank on Monday announced that she “has decided to go on leave till the completion of the enquiry” by former Supreme Court judge B N Srikrishna into conflict-of-interest allegations against her.

Fifty-two days after reposing “full faith and confidence” in ICICI Bank’s MD and CEO Chanda Kochhar and stating there was “no question of any quid pro quo/nepotism/conflict of interest”, the board of India’s largest private sector bank on Monday announced that she “has decided to go on leave till the completion of the enquiry” by former Supreme Court judge B N Srikrishna into conflict-of-interest allegations against her.