CBI has named former ICICI Bank MD & CEO Chanda Kochhar, her husband Deepak Kochhar, Videocon Group promoter Venugopal Dhoot as accused in the ICICI-Videocon loan case
The Central Bureau of Investigation (CBI) on Thursday filed a case of criminal conspiracy and fraud against the Chanda Kochhar and her husband Deepak Kochhar
Chanda Kochhar showed dishonesty by abusing her official position in sanctioning a loan in favour of Videocon International Electronics, the CBI said
Kochhar's alleged conflict of interest came out in the open after media reports referred to the loan granted by ICICI Bank to Videocon Group, whose chairman had business links with her husband
Chanda Kochhar's husband Deepak Kochhar, Videocon group MD Venugopal Dhoot charged too in connection with alleged cheating and irregularities in loans sanctioned by the bank to Videocon group in 2012.
The reappointment is effective from January 19, 2019, ICICI Bank said in a regulatory filing
Former IDBI CEO B Sriram and management consultant Rama Bijapurkar appointed for five years
The stock was up 1.5 per cent at Rs 371, trading close to its record high of Rs 375 touched on November 16, 2018 in intra-day deal on the BSE.
The date of allotment is December 28, 2018, it added
On April 23, the Corporate Affairs Ministry ordered inspection of six companies, including NuPower Renewables
With best-in-class CASA, retail loan portfolios and better quality corporate loans, the banks have found their way back on investors' radar
This fiscal ICICI Bank plans to grow its disbursement of consumer loans by nearly 50 per cent to Rs 50 billion
ICICI Bank hit an all-time high of Rs 366.20, up 1.5 per cent on Wednesday, extending its Tuesday's 2.4 per cent gain on BSE.
Sentiment is upbeat for ICICI Bank; overall valuations will hinge on performance of other businesses
Stock soars 11% post strong Q2; analysts say improving asset quality and rising share of low-cost deposits enhance earnings potential
Net interest income rose 12.4 per cent to Rs 64.18 billion in September 2018, compared with Rs 57.09 billion in the year-ago quarter.
Net interest income rose 11% to Rs 64.18 billion in September 2018 against Rs 57.09 billion in the year-ago quarter
Facing enquiry over the charges of nepotism and conflict of interest, ICICI Bank's former MD and CEO Chanda Kochhar had quit the bank on October 4
There is no doubt that she indeed calibrated a huge change in strategy, got the team to buy into the vision and executed it well
Much of this can also be attributed to the troubles dogging the banking sector