ICICI Bank News

ICICI Bank cuts MCLR by 5 bps across tenors

The Reserve Bank, in its bimonthly policy review in February, had cut the key repo rate by 25 bps to 6.25 per cent.

ED again questions Chanda Kochhar, Matix Group’s Nishant Kanodia

Kanodia’s Mauritius-based firm Firstland Holdings in NuPower Renewables Pvt Ltd , a company run by Kochhar’s husband Deepak Kochhar.


Enforcement Directorate quizzes Chanda Kochhar for third straight day

The agency also summoned Nishant Kanodia, chairman of Matix Group, regarding investments made by his Mauritius-based firm Firstland Holdings in NuPower Renewables Pvt Ltd, a company run by Kochhar’s husband Deepak Kochhar.

Chanda Kochhar, Matrix Group's Nishant Kanodia appear before ED

Chanda and Deepak Kochhar and Dhoot had appeared before the ED on Saturday as well for questioning. The ED has also searched their residences in connection with its investigation. 

ICICI-Videocon case: ED raids Chanda Kochhar's residence, others

The ED team also searched premises of Matix Group headed by Nishant Kanodia, Videocon promoted by Venugopal Dhoot, and the residence of Dhoot.

Now husband’s turn, SEBI finalises report on Dhoot-Kochhar

Sources confirmed that Sebi, which began probing Dhoot in April 2018, along with Chanda Kochhar, completed its Dhoot probe in November 2018.


ICICI Bank fires boss: hurt and shocked, credit decisions not unilateral, says Chanda Kochhar

Kochhar’s indictment may invite action from the Securities and Exchange Board of India (SEBI) for violation of related party disclosures, experts in securities laws said.

ICICI Bank shares rise over three per cent

An independent enquiry panel Wednesday indicted former ICICI Bank chief Chanda Kochhar for violating regulations, with the bank deciding to stop all her unpaid retirement benefits and recover bonuses paid since 2009.

Chanda Kochhar to lose Rs 9.82-crore bonus, Rs 221 crore in stock options

An analysis of the stock options granted by the bank to Kochhar over the last nine years shows that the bank gave a total of 94 lakh shares to Kochhar.

ICICI Bank Q3 net profit drops 2.7 per cent

Gross NPA additions decreased from Rs 3,117 crore in the quarter ended September 2018 (Q2-2019) to Rs 2,091 crore in Q3-2019, the lowest in the last 14 quarters.