ICICI Bank, ICICI Pru Life trade flat after top management reshuffle

ICICI Bank was trading 0.38% lower at Rs 291, ICICI Pru Life too down 0.16% at Rs 396 as compared to 0.32% decline in the S&P BSE Sensex.

Shares of ICICI Bank and ICICI Prudential Life Insurance Company (ICICI Pru Life) were trading flat after the board of ICICI Bank on Monday appointed Sandeep Bakhshi, as whole-time director & chief operating officer (COO) to run the affairs of the private lender.

At 09:44 am; shares of ICICI Bank was trading 0.38% lower at Rs 291 after opening at Rs 296, a 1% higher against its previous day’s on the BSE. It touched a low of Rs 290 so far. The stock had rallied 4% on Monday in otherwise subdued market.

ICICI Pru Life too is quoting