Two senior ICICI Bank Group Officials, Shikha Sharma, the Managing Director & CEO of ICICI Prudential Life Insurance Company and Renuka Ramnath, the Managing Director & CEO of ICICI Venture, are set move on from the group, banking sources said. However, there was no official confirmation yet. The exit of these high-profile ICICI's official may give a jolt to this private sector banking institution.

 

Managing Director of ICICI K.V. Kamath is retiring later at the end of this month. After his retirement present CFO Chanda Kochhar will take over the baton at the financial giant. However, in her response Sharma said that, she is not resigning. She also claimed that, there is no truth in all the reports in newspapers.

 

Ms Ramnath, a 20-year veteran at ICICI group, is considering setting up a private equity venture of her own. Sharma is said to be moving after nearly three decades at the banking group, with no news on her next stop. Sharma is widely talked to be joining Axis Bank, which had considered her candidature for the post of CEO after the incumbent, PJ Nayak, retires in July 2009.