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NPA 'irregularities': ICICI Bank launches second inquiry

The allegations are related to cases where the bank have inflated profits by at least $1.3 billion over eight years by delaying provisioning for 31 non-performing assets (NPA) accounts.

Jul 16, 2018

Who will be next ICICI Bank chairman? Frontrunner loses out; ex-bureaucrat emerges dark horse

ICICI Bank chairman RK Sharma's terms ends tomorrow. In the running are former bureaucrats Shaktikanta Das, D K Mittal, Tapan Ray C B Bhave. Former Bank of Baroda Chairman and Managing Director MD Mallya, a frontrunner in the beginning, has apparently lost out after he was interrogated in the Rotomac loan scam.

Jun 29, 2018

I-T department launches fresh probe into Chanda Kochhar over Mumbai home with Videocon link - Report

The IT department is looking at how Deepak Kochhar bought the South Mumbai home. The Indian Express reported that the purchase of the building involved a complex transaction involving firms linked to Videocon Group.

Jun 21, 2018

Chanda Kochhar salary: On leave and facing probe, ex-CEO to draw full pay

The ICICI board that sent CEO Chanda Kochhar on leave pending investigation into loan irregularities has,however, allowed her to draw full salary. Industry watchers say it's a sign of lax corporate governance at the bank.

Jun 20, 2018

Chanda Kochhar exit: This is how ICICI Bank board edged out 'aggressive, defiant' CEO

ICICI bank turns a leaf with the 'indefinite' leave of Chanda Kochhar and the appointment of Sandeep Bakhshi as interim head. However, reports say Kochhar was defiant and aggressive at the board meeting and forced changes in the phrasing of the statement announcing her departure, a fallout of the dirty loan to Videocon in 2012.

Jun 20, 2018

Chanda Kochhar asked to go on leave until completion of internal inquiry

ICICI Bank's Board has, at its meeting on Monday, decided to appoint Sandeep Bakhshi as the lender's whole time director and chief operating officer (COO).

Jun 19, 2018

ICICI Bank to finally boot out Chanda Kochhar? Sandeep Bakhshi to be named CEO

Major financial daily reports that ICICI Bank top management has decided to remove CEO Chanda Kochhar from the position following the investigation into alleged conflict of interest over Videocon loan. The report says Sandeep Bakhshi, the head of the bank's insurance division, will become the next CEO.

Jun 18, 2018

Sebi slaps show cause notice on Kochhar as she allegedly breached the code of conduct

Chanda Kochhar came under the radar for allegedly flouting the code of conduct. Sebi has slapped a show cause notice to the chief executive of the bank for not making disclosures of the stock exchanges.

Jun 4, 2018

Did ICICI bank ask tainted CEO to go on leave? Shares rise 3% as Chanda Kochhar moves on

ICICI Bank has denied it has asked tainted CEO Chanda Kochhar to go on leave. Earlier, a pink daily reported that the board decided that Kochhar should stay away until a probe into alleged irregularities in the Videocon loan was over. The report had also discussed a succession plan at ICICI bank.

Jun 1, 2018

Videocon dirty loan: Why did ICICI Bank take so long to launch probe into CEO Chanda Kochhar?

ICICI Bank and CEO Chanda Kochhar have been battling allegations of conflict of interest over loans given to Videocon. The bank had so far defended Kochhar, saying internal investigations had found no proof for any wrongdoing by her.

May 30, 2018

ICICI Bank-Videocon loan case: What is the Chanda Kochhar connection?

While the board of the lender has come out in support of bank's MD & CEO Chanda Kochhar, concerns still linger.

Mar 29, 2018

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