News digest: ICICI Bank board meet, LIC's plan for IDBI Bank, and more

Former Sebi chairman C B Bhave, who has worked in the finance ministry earlier, too, was one of the names the board discussed

1. Who'll be the next ICICI Bank chairman? Board shortlists ex-IAS officials

Private sector lender ICICI Bank’s board will meet on Friday to discuss the appointment of a new chairman from a shortlist of four former bureaucrats who have worked with the finance ministry. The term of M K Sharma, the current chairman of ICICI Bank, ends on June 30.

The bank will then send the selected candidate’s name to the Reserve Bank of India (RBI) for clearance.

The appointment of the new chairman comes at a time when ICICI Bank is battling one of its worst management crises. “The board is of