ICICI Bank News

ICICI Bank hikes MCLRs by 10 bps across tenures

MCLRs for other tenures range between 8.55 per cent and 8.75 per cent. The revised rates came into effect on Saturday.

ICICI Bank posts 55.8% fall in profit

ICICI bank passed through a turbulent quarter as its former MD and CEO Chanda Kochhar was on leave pending a probe into allegations of impropriety into loans granted to the Videocon Group.


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.

ICICI Bank CEO: RBI approves three-year term for Sandeep Bakhshi

“We wish to inform you that the RBI has approved the appointment of Sandeep Bakhshi as MD & CEO of the bank for a period of three years with effect from October 15, 2018,” ICICI bank said.

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.

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.

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.