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Mi Pay Launched in India, Xiaomi's UPI-Based Payments App

Tuesday, March 19, 2019, 2:57 PM

Mi Pay Launched in India, Xiaomi's UPI-Based Payments App

Mi Pay payments app has been launched in India. Xiaomi at the Redmi Go launch event on Tuesday the Unified Payments Interface(UPI) based payments app in the country. To company emphasised it has complied with data localisation requirements, and the Mi Pay app has been approved by the NPCI. ICICI Bank will function as the payment service provider for the Mi Pay app.

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CBI seeks additional documents from ICICI Bank in Videocon loan case

Thursday, March 7, 2019, 11:38 AM

CBI seeks additional documents from ICICI Bank in Videocon loan case

The CBI has sought more documents from ICICI Bank in connection with loans given to Videocon during former CEO Chanda Kochhar's tenure, officials said. Additional documents have also been sought from Deepak Kochhar's NuPower Renewables and Venugopal Dhoot-led Videocon. The agency is going through various papers to prepare a questionnaire for the accused, officials added.

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ED questions Chanda Kochhar, Deepak Kochhar and Venugopal Dhoot for second consecutive day

Saturday, March 2, 2019, 3:30 PM

ED questions Chanda Kochhar, Deepak Kochhar and Venugopal Dhoot for second consecutive day

After grilling former CEO and MD of ICICI Bank Chanda Kochhar on Friday, investigative-agency ED summoned the top-banker at its Mumbai office on Saturday. Along with Chanda Kochhar, ED also quizzed her husband Deepak Kochhar and Videocon Group chief Venugopal Dhoot today in relation to ICICI Bank-Videocon loan case. During the raids conducted by CBI last-month, several-documents related to investigation of case were seized.

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Chanda Kochhar, Questioned Till 4 AM, Visits Probe Agency's Office Again

Saturday, March 2, 2019, 1:36 PM

Chanda Kochhar, Questioned Till 4 AM, Visits Probe Agency's Office Again

Hours after the Enforcement Directorate questioned former ICICI Bank chief executive Chanda Kochhar till 4 am this morning in a loan case, she was back at the probe agency's office at noon today. She left half-an-hour later. Her husband Deepak Kochhar and Videocon managing director Venugopal Dhoot are still at the Enforcement Directorate's office, sources said.

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Chanda Kochhar, Videocon's Venugopal Dhoot's Homes Searched In Loan Case

Friday, March 1, 2019, 7:58 PM

Chanda Kochhar, Videocon's Venugopal Dhoot's Homes Searched In Loan Case

The homes and offices of former ICICI Bank chief executive Chanda Kochhar and Videocon managing director Venugopal Dhoot were searched by ED in a-loan-case. The CBI has already issued a-look-out circular against Ms Kochhar and has revived ones against her husband Deepak Kochhar and Mr Dhoot. Look-out circulars are notices sent to transit-points like airports to restrict the movement-of-people under investigation by probe agencies.

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CBI Issues Look-Out Circular Against Chanda Kochhar In Videocon Case

Friday, February 22, 2019, 9:48 PM

CBI Issues Look-Out Circular Against Chanda Kochhar In Videocon Case

The CBI has issued a-look-out circular against former ICICI Bank chief-executive Chanda Kochhar and has revived ones against her husband Deepak Kochhar and Videocon managing director Venugopal Dhoot. Look-out circulars are notices sent to transit points like airports to restrict the movement of people under investigation by probe agencies. Once these documents are examined, the Kochhars and Mr Venugopal will be questioned, the officer.

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Government not looking at any other proposal for PSB merger

Monday, February 11, 2019, 10:29 PM

Government not looking at any other proposal for PSB merger

The government is not considering any other merger proposal in public sector banks at the moment as it would wait for completion of the amalgamation of Dena Bank and Vijaya Bank with Bank of Baroda (BoB), official sources said. The Union Cabinet last month approved the merger of these three-banks to create the country's third-largest lender. The scheme would come into force on April-1.

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Chanda Kochhar hires lawyer to launch defence

Friday, February 1, 2019, 7:56 AM

Chanda Kochhar hires lawyer to launch defence

Former ICICI Bank chief executive Chanda Kochhar has hired services of securities law expert Somasekhar Sundaresan to launch a-defence against charges that she violated bank's code-of-conduct and clawback of financial-benefits she is entitled to in her nine-years at bank's helm. The Srikrishna Committee has found Kochhar to be in violation of ICICI code of conduct in dealing with conflict of interest and fiduciary duties.

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Justice B N Srikrishna: the go-to man for the government and corporates

Thursday, January 31, 2019, 8:33 PM

Justice B N Srikrishna: the go-to man for the government and corporates

Justice B N Srikrishna, go-to man for government and corporates when their are backs are facing the wall, has delivered once again. In his latest-role, he headed an-enquiry-panel that indicted former ICICI Bank CEO Chanda Kochhar for violating the bank's Code of Conduct, its framework for dealing with conflict of interest and fiduciary duties, and in terms of applicable Indian laws, rules and regulations.

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Chanda Kochhar sacked by ICICI Bank asked to return bonuses

Thursday, January 31, 2019, 7:41 AM

Chanda Kochhar sacked by ICICI Bank asked to return bonuses

In internal probe conducted by the ICICI Bank has faulted its former CEO and managing director Chanda Kochhar for violating the bank's code of conduct. The probe, which was in connection to the ICICI-Videocon loan case, found that Chanda Kochhar failed to deal with conflict of interest by not making voluntary disclosures that she should have.

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