Showcause notice had given time to respond till Thursday
Without detailing the allegations, the bank in a regulatory filing said the enquiry will be headed by an independent and credible person
we will continue to focus on resolution and recovery, for which we may get some write-back, in addition to reducing our concentration limits, and reducing the corporate loan book, said Chanda Kochhar
Further, Kochhar said that she has taken the allegations as a professional and that they have not unfazed her
The board of India's second-largest private sector bank may meet as early as this week to consider its next course of action
Mobile banking transactions have almost doubled to nearly 150 million in October 2017 as compared to over a year back
On resolution of stressed cases, she said ICICI Bank has been taking the lead in several cases and was the first bank to refer a case to NCLT
Kochhar said ICICI Bank is focused on capitalising on growth opportunities
Chanda Kochhar, the head of country's largest private sector lender ICICI Bank, has drawn Rs 7.85 crore as total remuneration in 2016-17, a jump of over nearly 64 per cent from a year ago. ICICI Bank MD & CEO Chanda Kochhar's basic salary increased over 15 per cent to Rs 2.67 crore during the fiscal ended March 2017, as per bank's annual report. Calculated on daily basis, her cost to the company was Rs 2.18 lakh. During the year, she took home performance bonus of Rs 2.2 crore. However, the bank had not not given performance incentive in 2015-16 due to weak financial status. Her total cost to the company was over Rs 4.79 crore in 2015-16 and basic salary was Rs 2.32 crore. The total remuneration included perquisites as well as retiral benefits. Furnished accommodation, gas, electricity, water and furnishing, club fees, group insurance, use of car and telephone at resident, reimbursement and leave travel concession, provident funds are among the major heads of ...
Interview with Managing Director & Chief Executive Officer, ICICI Bank
Kochhar said under him, the RBI played a major role in steering the economy in a volatile world
ICICI Bank's CEO and MD advice to her daughter on how to deal with situations in life