ICICI Bank chairman meets MF heads over succession plan, if Kochhar quits

Tells shareholders 'institution is bigger than any individual'

With investments of over Rs 300 billion riding on the stock, heads of mutual fund (MF) houses met ICICI Bank Chairman M K Sharma over the succession plan at the private sector lender.  It is learnt that Sharma met top MF executives to provide clarifications on the Videocon loan controversy. 
 

Sources said the Rs 21-trillion MF industry raised questions over the bank’s “back-up” or succession plan in case Chief Executive Officer and Managing Director (CEO & MD) Chanda Kochhar steps down.

“After the developments at Axis Bank, there is fear among fund managers that Kochhar, too, may have to step