Chanda Kochhar

Chanda Kochhar News

Top law firm withdrew its clean chit to Chanda Kochhar: ICICI Bank

While the bank did not name the law firm, sources confirmed that the board of ICICI Bank had engaged Cyril Amarchand Mangaldas to investigate allegations of nepotism made by a whistleblower pertaining to loans extended by the bank to the Videocon Group.

CBI, SFIO yet to summon Chanda Kochhar and husband Deepak

On March 31, the CBI had registered a preliminary enquiry (PE) into the sanctioning of a Rs 3,250-crore loan to the Videocon Group by the ICICI Bank as part of a consortium of banks in 2012.

Advertising

Under conflict of interest and nepotism cloud, Chanda Kochhar quits ICICI Bank

The board decided to appoint Sandeep Bakshi as Managing Director & Chief Executive Officer. His appointment will be for a period of five years until October 3, 2023, subject to regulatory and other approvals.

‘Certain benefits to Chanda Kochhar subject to enquiry outcome’

ICICI bank could also hold back a few retirement benefits including Kochhar’s gratuity till the final report of the Srikrishna panel.

Sandeep Bakhshi: An ICICI hand for more than 32 years

Bakhshi has extensive experience of leading both corporate and retail businesses across the ICICI Group.

Chanda Kochhar: The CEO who rose through the ranks at ICICI

Before the story of Chanda’s conflict of interest and quid pro quo broke, pressure had also started building with the divergence in its numbers following the asset quality review by the RBI and build up of bad loans.

Advertising

Download ebook of The Indian Express investigation on Chanda Kochhar's alleged conflict of interest

The Indian Express on March 29 had first reported that Videocon group promoter Venugopal Dhoot provided crores of rupees to NuPower Renewables Pvt Ltd (NRPL), a firm he had set up with Chanda Kochhar’s husband Deepak Kochhar and two relatives.

Chanda Kochhar steps down as ICICI Bank CEO: The loan controversy that prompted a probe against her

Chanda Kochhar is facing allegations of quid pro quo, non-adherence to the code of conduct and conflict of interest.

Chanda Kochhar case: ICICI Bank looks to settle with SEBI

Both Chanda Kochhar and ICICI bank have maintained there has been no regulatory violation on their part and that Kochhar was not aware of specific business dealings of her husband.

Videocon loan case: Shareholders raise questions on Chanda Kochhar

Speaking to The Indian Express, shareholders who attended the AGM said many were “visibly upset” over Kochhar’s absence and sought clarity from the bank’s management over the allegations.

Advertising