As the term of the current chairman M K Sharma is coming to an end so a new chairman has to be appointed
The ICICI board denied that it has appointed any search committee to find Kochhar's successor
The allegations of wrongdoing pertain to loans extended by ICICI Bank to the Videocon group, which had business relations with NuPower Renewables, owned by Chanda Kochhar's husband Deepak Kochhar
The bank has a Rs 1 billion fund for fintech partnerships
The market gave a thumbs-up as it expects an improvement in the bank's balance sheet
ICICI added Rs 127.86 billion to its market valuation
The stock surged 7% to Rs 309 on the BSE after the private sector lender reported better than expected core operating performance.
While most banks and their housing finance arms tend to step on each other's toes, ICICI Home Finance wants to target profiles that its parent bank seems to be overlooking
Tells shareholders 'institution is bigger than any individual'
The rating agency said ICICI Bank's exposure to the Videocon group is 'in itself not material in the context of its outstanding loan book or capital'
The stock was up 3.7% to Rs 291 on the BSE in early morning trade on Tuesday, gaining 11% in past six trading sessions
Other regulatory sanctions are also possible, depending on the outcome of the investigation, rating agency said in a statement
On agenda is restoring investor confidence in lender's governance standards
Indian investigative agencies are probing alleged links between the bank's chief executive officer, Chanda Kochhar, and the Videocon group
The communication between Money2India app and social media platforms is carried out using the bank's secured channels
ICICI Bank pointed out that the board meeting is routine in nature
The bonds would be listed on the Wholesale Debt Market segment of BSE or National Stock Exchange of India
The stock was down 2.7% to Rs 305 hit its lowest level since December 12, 2017 on the BSE in intra-day trade
In the December quarter performance announced last week, the bank had reported a domestic NIM of 3.53 per cent
The bank has initially given a price guidance of 170 bps over the US treasury for the 144 A RegS issue