Search Results for: SEBI

Supertech fraud: 135 home buyers to get refund; SC asks builder to deposit Rs 35 crore

Supertech had already paid Rs. 20 crore in the past and will now have to deposit the balance amount of Rs. 15 crore with an interest of Rs. 1 crore. This will be paid in two instalments by November end.

Aug 1, 2018

Probe into Chanda Kochhar debacle widens as ICICI reviews past loans

ICICI Bank is reviewing all the loans from last five years and plans to revamp its processes and correct all the loopholes.

Jul 30, 2018

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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

SEBI orders ICICI Pru Mutual fund to refund Rs. 2.4 billion to its investors

The market regulator ordered the fund house to refund the amount to the investors with an annual interest rate of 15 percent.

Jul 4, 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

Infosys denies whistleblower's allegations on delayed 20F filing

Infosys denies any wrongdoing in filing the 20F form with US Securities and Exchanges Commission despite whistleblower's complaints.

Jun 26, 2018

ICICI bank probes 31 loan accounts based on whistle-blower complaint

The bank says it has conducted a probe following allegations of irregularity in asset classification in 31 loan accounts. It says that there were no irregularities.

Jun 23, 2018

Plans to sell Air India shelved, government looks at improving profits

Modi government shelves plan to sell struggling national airline, plans cash injection to boost operational viability. New plans involve an IPO and public trading in the long term.

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

Not received any communication from US' SEC on Kochhar: ICICI Bank

Earlier, the Securities and Exchange Board of India (Sebi) had sought responses from the company and Kochhar on alleged non-compliance of the "erstwhile 'Listing Agreement' and the 'Listing Obligations and Disclosure Requirements) Regulations, 2015'".

Jun 12, 2018

ICICI Bank CEO Chanda Kochhar's latest troubles – Investigation by SEC and possible punishment

With the Union Corporate Affairs Ministry also launching a probe with the help from Mauritius, it may nudge the ICCI Bank board to take action and take a dim view of Chanda Kochhar's continuance in the present role.

Jun 11, 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

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