Chanda Kochhar, who was on Wednesday sacked as CEO and MD of ICICI Bank nearly four months after her resignation from the key posts, has said that she is "utterly disappointed, hurt and shocked by the decision" of the Board of Directors of the bank. "I am utterly disappointed, hurt and shocked by the decision. I have not been given a copy of the report. I reiterate that none of the credit decisions at the bank are unilateral," she said in a statement issued on Wednesday night. "ICICI is an institution with established robust processes and systems which involve committee based collective decision making with several professionals of high caliber participating in the decision making. Hence, the organisation design and structure obviate the possibility of a conflict of interest," Kochhar said."I have served ICICI for the last 34 years with all my dedication and hard work. I have never shied away from taking tough decisions whenever required to be taken in the best interest of the
