Page 29 - Icici Bank

ICICI Bank gains 4% after Chanda Kochhar quits as MD & CEO

The stock moved higher by 6% to Rs 321 in intra-day trade, bouncing back 9% from its early morning low of Rs 295 on the BSE.

ICICI Bank accepts Chanda Kochhar's request for an early retirement

Sandeep Bakhshi to succeed as MD & CEO of the bank

Chanda Kochhar quits ICICI Bank, Sandeep Bakhshi appointed as CEO & MD

Sandeep Bakhshi's appointment will be for a period of five years until October 3, 2023

ICICI Bank gets directors' approval for proposed offshore borrowing

Stock of ICICI Bank closed 2.85 per cent down at Rs 308.75 on BSE Monday

Sebi disposes ICICI's submissions for overhauling its settlement rules

The suggestions made by the private sector major covered issues ranging from timelines to limitation clause to applicable payments

Sebi says ICICI Bank, other related entities have not filed for settlement

The bank and Kochhar have been maintaining there had been no regulatory violations on their part and that she was not aware of specific business dealings of her husband

Responded to Sebi showcause notice, but no settlement offer: ICICI Bank

On May 23, Sebi had issued a show cause notice to ICICI Bank and Chanda Kochhar for violating disclosure norms

L'affaire Kochhar dominates ICICI Bank AGM as shareholders demand action

The Chanda Kochhar saga dominated the annual general meeting of ICICI Bank here Wednesday, with shareholders seeking clarity on the allegations of impropriety against the MD & CEO who is on an indefinite leave since June apart from demanding action against her. Some shareholders, who spoke at the 24th AGM, also questioned the corporate governance practices and standards at the bank, while some rallied in support saying it is just a phase which shall pass. Kochhar has been away from office following an enquiry initiated under the retired Supreme Court judge BN Srikrishna late May, but continues to hold onto her position as the managing director & chief executive, was absent at the AGM. Government nominee on the board Lok Ranjan was also absent at the hour-long AGM chaired by newly-appointed chairman GC Chaturvedi. Last month's reappointment of Kochhar on the board of the bank's broking arm ICICI Securities despite she being under probe also peeved many ...

ICICI Bank to offer MSMEs loans up to Rs 10 mn based on their GST returns

Firms availing loans needn't submit several other financial statements, bank says move will reduce paper work, cut lead time between application and sanction

Majority of minority rule against corporate democracy?

According to many experts, ICICI Bank shouldn't have nominated Kochhar ISL director

ICICI Bank tells Sebi it was unaware of conflict of interest

The private sector lender allegedly failed to ensure compliance with the listing rules in the case of its full-time directors

Videocon loan issue: ICICI Bank explores consent option with Sebi

A consent application is typically filed when the aggrieved party wants to settle the case without the main hearing

ICICI Bank hits 6-month high, stock soars 6%

ICICI Bank on Wednesday, said it has made full disclosures about its bad loans and non-performing assets (NPAs) in its annual report, investor presentations and analysts' calls.

ICICI Bank eyes smaller towns to double retail biz to Rs 17 bn in Odisha

Lender is focusing on affordable housing and expanding its presence across tier-II and tier-III markets like Rourkela, Sambalpur, Jajpur and Berhampur, billed as key drivers for home loans

Allegations against CEO Chanda Kochhar can affect business: ICICI Bank

While the bank came under SEC's scanner earlier this month, SEBI issued a show-cause notice to Kochhar and the bank in May 2018

ICICI directors' salary rose 12-15% in FY18, other employees get 10% jump

Kochhar is now under scrutiny on allegations of conflict of interest regarding loans extended to the Videocon group

ICICI Bank FY19 bad loan provision to stay elevated, but below FY18 number

The bank noted that NPA additions during FY19 are expected to be significantly lower than in FY18

ICICI Bank posts first-ever quarterly loss of Rs 1.2 billion on bad loans

Higher provisions take toll on bottom line; bank's net interest income rose 9% on YoY basis to Rs 61.02 bn in the current quarter

ICICI Bank reports loss of Rs 1.2 billion in Q1 on rising bad loans

Net profit on consolidated basis for the June quarter was a meagre Rs 49.3 billion, compared to Rs 26.04 billion a year ago

SEC seeks details from ICICI Bank on governance, accounting practices

The SEC queries to senior ICICI officials included a request for information on the bank's accounting practices during five years up to 2016