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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.
September 13, 2018 1:37 am
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.
September 11, 2018 1:17 am
ICICI Bank had filed an insolvency case in the NCLT after Reserve Bank of India last month rejected its plea to make an exception in the case of JP Associates as banks had finalised a restructuring plan and also partly implemented it.
October 05, 2018 11:37 am
Chanda Kochhar is on leave pending an independent investigation by retired Supreme Court judge, Justice B N Srikrishna, into various allegations against her and the bank.
September 08, 2018 6:56 am
While the current owner of Radhika Apartments is SBI, it is not clear if the lender bought the building from Videocon Group or took possession of it as part of its loan recovery mechanism.
September 06, 2018 7:18 am
The duo, who, the manager alleged were trying to siphon off Rs 50 crore, were arrested. An ICICI Bank spokesperson said: “ICICI Bank has a robust screening process which helped its branch officials to detect the fake fixed deposit receipt.”
September 04, 2018 12:56 am
ICICI Bank, the country’s third-largest lender by assets, has raised its one-year MCLR by 35 bps since the beginning of 2018, while for SBI the rise has been 50 bps.
August 31, 2018 1:12 am
Kochhar is on leave after the bank decided to probe allegations of conflict of interest and quid pro quo in some of the loans extended by ICICI Bank. She is the Chairperson of ICICI Securities.
August 23, 2018 12:24 am
Chanda Kochhar is also a director on the boards of other group firms, including ICICI Lombard General Insurance, ICICI Prudential Life Insurance Company, ICICI Prudential Asset Management Company as well as ICICI Bank Canada.