He denied any conflict of interest in the stake sale by Supreme Energy to Pinnacle Trust
Despite the near-term concerns, analysts remain positive on the road ahead for the Bank as most of its businesses are doing well.
The bank's board also reviewed its internal processes and exposure to the Videocon group
ICICI Bank Chairman MK Sharma has also revealed that the bank has 'satisfactorily' replied to the questions of all the regulators
The bank said that its share of banking sector's exposure to Videocon Group was less than 10%
Multiple reports circulated in online blogs and social media in India last week, alluding to an alleged conflict of interest in ICICI's lending to Videocon
The bank has been accused of nepotism and quid pro quo in extending credit to the Videocon group and its associate, NuPower Renewables
Deepak Kochhar, who is Chanda Kochhar's husband, is an indirect beneficiary of the loan granted to Videocon, according to trustee, Indian Investors Protection Council
The company raised funds and installed wind power projects, but it has been silent since 2016, when Kochhar stepped down as its MD
ICICI Bank is India's fourth most valued bank with a market capitalisation of about Rs 1.8 trillion and its shares are also part of the benchmark stock market index Sensex
The role of Deepak Kochhar in the case dates back to December 2008, when he set up a joint venture with Dhoot
The bank had clarified that none of the investors of NuPower Renewables are borrowers of ICICI Bank
The agency asked for details of investigation into the group's activities in the past few years
Rs 32.5 bn ICICI bank loan amount was part of Rs 400 bn loans that Videocon group secured from a consortium of 20 banks led by SBI
India is the only country where we have social banking driven by political reasons, says Gupta
Personal ties between two people do not always result in criminal acts, Dhoot said in an interview aired on Marathi television channel ABP Majha
The stock of private sector lender was down 4.6% to Rs 265.40 on the BSE in early morning trade, its lowest level since October 24, 2017
Shares of the country's third-largest lender closed at Rs 261.9, down Rs 16.5, or 5.93% on the BSE
The stock was the worst performer among blue-chips on both Sensex and Nifty indices on Monday
According to the Indian Express, Avista Advisory got the mandate to restructure foreign currency-denominated debt deals worth over $1.7 billion of seven companies over the last six years