An increasing number of questions on mismanagement, alleged conflicts of interest, and probes on large loans have put the spotlight on private banks.
Khan was handling internal debt management, external investment and exchange control.
Move will help wean off business from abroad.
In a clarification to the stock exchanges ICICI Bank said it had participated in the consortium of lenders for consolidation of loans to Videocon Industries and 12 associate companies.
A US brokerage report has highlighted that the bank could face a class action suit if charges of corruption and malpractice against it are proved.
"India is a core market for us. There are a lot of rich people here and demand for investment advice."
ICRA upgraded ratings of 646 companies and downgraded that of 418 entities in fiscal 2018.
Government bonds worth Rs 70,000 crore are maturing in April.
"Similar rumours had first surfaced in mid-2016. Nevertheless these have resurfaced in the recent past to malign the bank," the bank has said.
Banking frauds like the Nirav Modi one make headlines, but what remains untold is the agony of lenders in getting their money back by selling assets.
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