ICICI Bank

Founder of Capital first gifts shares worth Rs 20 crore to drivers, maids ahead of Diwali

Before founding Capital First Ltd, Vaidyanathan had served as the Executive Director on the Board of ICICI Bank.

Nov 6, 2018

Fake banks apps on Google Play may have stolen data of thousands of customers: Report

These fake Android apps have the logo of respective banks which makes it difficult for customers to differentiate between the fake and original apps.

Oct 25, 2018

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RBI approves appointment of Sandeep Bakshi as new CEO, Managing Director of ICICI Bank

After the resignation of Chanda Kochhar, who was facing the inquiry, earlier this month, the bank's board had elevated Chief Operating Officer (COO) Bakshi as the new managing director and CEO for five years until October 3, 2023, subject to regulatory and other approvals.

Oct 16, 2018

ICICI Bank controversy: Sebi to summon CEO Chanda Kochhar, her husband for questioning

ICICI Bank is being probed for serious allegations, which include non-disclosure lapses regarding Kochhar's husband Deepak and his brother's dealings which are suspected to be directly or indirectly linked to the bank or its borrowers.

Sep 10, 2018

IT dept investigates ICICI Bank's sale of Mumbai building to Videocon Group

The 13 storied building, Radhika apartments in Prabhadevi in central Mumbai, was earlier the staff quarter for the ICICI bank. It has now come under lens after the allegations were made of possible quid pro quo.

Sep 8, 2018

Not aware of husband's business dealings with Videocon, Kochhar tells Sebi

Calling all the charges baseless, Kochhar argued that all the requisite disclosures were adhered to by her.

Sep 6, 2018

ICICI Bank board asks investigators to probe all deals by Chanda Kochhar and family

The whistleblowers claim that Chanda Kochhar was on the bank's credit committee and was aware of the issue that sanctioned proceeds of Rs 3,250 crore loan to the Videocon Group in 2012.

Sep 3, 2018

Chanda Kochhar case: ICICI tells SEBI that it was unaware of the conflict of interest

ICICI bank was responding to a show cause notice issued by SEBI on 23rd May, the bank submitted that it was not aware of any conflict of interest and hence could not make any disclosure to the market regulator which is mandatory under the listing regulations.

Aug 30, 2018

A man types on a computer keyboard in this illustration picture taken February 28, 2013

Online banking fraud: Beware of fraudsters' trap through messages, calls

As per the data provided by the Reserve Bank of India, over 25,800 fraud cases involving about Rs 179 crores were reported in December 2017.

Aug 11, 2018

Crippled by bad loans, ICICI posts first ever loss in 16 years

Hurt by higher provisions for bad loans and bond losses, as well as the ongoing investigation into former Chief Executive Chanda Kochhar, ICICI Bank posted its first loss in 16 years, reporting Rs 1.2 billion in losses for the first fiscal quarter.

Jul 28, 2018

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

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

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

Who is Sandeep Bakhshi? ICICI gets new COO amid Chanda Kochhar probe

The announcement came on Monday, June 18 and in his new role as COO, Sandeep Bakhshi will continue to report to CEO Chanda Kochhar, who has reportedly gone on leave. Bakhshi has been brought on board for a period of five years, which is subject to approvals from the regulatory board.

Jun 19, 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

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