ICICI Bank, whose stock took a severe beating this year and whose fall was accentuated after the Lehmann crash, has named Chanda Kochhar as the new CEO to succeed K. V. Kamath from May 2009. Kochhar played an important role in creating positive PR for the bank after the stock took severe beating due to market rumors and bad PR generated by the Lehmann exposure. This news was just off the wires, about five minutes ago.
Note: ICICI Bank is India's second largest listed bank.
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