ICICI Prudential Life Insurance CEO Sandeep Bakhshi has stepped into new shoes, and pretty large ones at that. Provided regulatory approvals come by, he will assume charge today as the chief operating officer (COO) of India’s largest private sector bank by consolidated assets. Chief executive officer (CEO) Chanda Kochhar has gone on leave, pending the completion of a probe over an alleged conflict of interest that has led to months of controversy for the lender.

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