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October 17, 2018 1:56 am
“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.
October 05, 2018 11:31 am
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.
October 05, 2018 11:34 am
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.
October 05, 2018 11:35 am
ICICI bank could also hold back a few retirement benefits including Kochhar’s gratuity till the final report of the Srikrishna panel.
December 01, 2020 4:03 pm
Bakhshi has extensive experience of leading both corporate and retail businesses across the ICICI Group.
October 05, 2018 11:35 am
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.
October 05, 2018 8:46 am
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.
October 05, 2018 11:35 am
Chanda Kochhar is facing allegations of quid pro quo, non-adherence to the code of conduct and conflict of interest.
October 05, 2018 11:36 am
Chanda Kochhar, on resigning as ICICI Bank MD and CEO, also won't be on the board of directors of the bank's subsidiaries. ICICI Bank said that its inquiry against Kochhar will remain unaffected by her resignation.
October 05, 2018 11:37 am
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.