New Delhi,
ICICI Bank CEO and MD Chanda Kochhar, who is facing an independent probe for her alleged involvement in a deal which benefited family members, has gone on planned annual leave and not on forced leave as has been reported in a section of media, the bank said on Friday.

ICICI Bank also said it has not appointed any search committee to find a successor of Kochhar. According to media reports, Kocchar was asked to go on leave pending an independent probe into her role in granting a huge loan to Videocon Group on quid-pro-quo basis.

“The ICICI Bank Board denies having asked Chanda Kochhar to go on leave. She is on her annual leave which was planned in advance. Further, it denies that it has appointed any search panel to find her successor,” the bank said. It is learnt that Kochhar has not been attending office from this week and is expected to join only after June 10.