ICICI Bank to announce top mgmt changes on Apr 25

The country's largest private-sector banking conglomerate, ICICI Bank , is in for a major top-management shake-up with two business heads private equity arm's Renuka Ramnath and life insurance unit's Shikha Sharma likely to put in their papers soon.
Sharma is reportedly looking to join private-sector lender Axis Bank as its chief, while Ramnath could look at starting her own private equity venture. The board of Axis Bank, which is meeting on April 20 may announce the name of the new chief executive officer (CEO) as the current chairman and managing director PJ Nayak's tenure is coming to an end in June.
Ramnath, ICICI Ventures' managing director and CEO, is believed to have expressed her intention to quit and might submit her resignation to the company's board at a meeting to be held April 25.
These developments come days ahead of Chanda Kochhar taking over as CEO and MD of ICICI Bank on May 1 from K V Kamath, who would then assume the role of an non-executive chairman.