On June 19, 2018, the day ICICI Bank Ltd’s CEO and managing director Chanda Kochhar went on leave and Sandeep Bakhshi took over as its chief operating officer, the bank’s stock rose 4 per cent. Three and a half months later, in October, when Kochhar resigned and Bakhshi moved into the corner room, the stock jumped 5.8 per cent.
Many years back in late 2007, IndusInd Bank Ltd stock more than doubled when market sensed that Romesh Sobti, then executive vice president – country executive, India, and head, UAE and subcontinent, at ABN Amro Bank NV, would take over as
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