Friday, February 1, 2019, 7:56 AM
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.
Thursday, January 31, 2019, 8:33 PM
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.
Thursday, January 31, 2019, 7:41 AM
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.
Sunday, January 27, 2019, 8:36 PM
Senior Congress leader P Chidambaram Sunday slammed the CBI for "indiscriminately targeting" some of the bankers, saying the agency has received "ultimate certificate" on its action from Union minister Arun Jaitley, who had criticised it. "The CBI has received the ultimate certificate from the one who has the best ring-side seat, the Finance Minister (on leave): 'Adventurism and megalomania have overtaken investigators'!," he said.
Friday, January 25, 2019, 10:04 AM
The Central Bureau of Investigation (CBI) probe against former ICICI Bank CEO and MD Chanda Kochhar has revealed that she received "illegal gratification" through her husband Deepak Kochhar for favouring Videocon group. Being the head of ICICI Bank, CBI says, Chanda Kochhar approved six loans to Venugopal N Dhoot's Videocon group between June 2009 and October 2011.
Friday, January 25, 2019, 7:13 AM
The whistleblower who called-out former ICICI Bank chief Chanda Kochhar and two-others in an alleged Rs.3,250-crore loan scam has dubbed the case as a part of something much larger, and requested the government to scratch deeper under the surface of Indian banking system to uncover other irregular deals of kind. Chanda Kochhar's role in shaping the country's retail banking system has been widely acknowledged.
Thursday, January 24, 2019, 1:13 PM
CBI has registered an FIR in connection with alleged transactions between NuPower Renewables Private Limited controlled by Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar, and Venugopal Dhoot-controlled Videocon Group. CBI is also raiding Videocon's offices in Mumbai and Aurangabad and NuPower Renewables' office in Mumbai. Videocon Group got Rs.3,250-crore loan from ICICI Bank in 2012.
09 January 2019, Wednesday
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Thursday, January 3, 2019, 8:59 PM
Powered by the business of Dena Bank and Vijaya Bank, Bank of Baroda will become larger than ICICI Bank from 1 April following completion of the amalgamation process of three state-run banks. After State Bank of India (SBI) and HDFC Bank, with businesses of Rs 45.85 trillion and Rs 15.8 trillion respectively, ICICI Bank (Rs 11.02 trillion) is the third largest commercial bank now.
Tuesday, December 4, 2018, 11:22 AM
ICICI Bank, the country's third-largest lender by assets, raised its marginal cost of funds-based lending rates (MCLRs) by 10 basis points (bps) across tenures. Its one-year MCLR now stands at 8.8%. MCLRs for other tenures range between 8.55% and 8.75%. The revised rates came into effect on Saturday. One-year MCLRs at ICICI's larger peers SBI and HDFC Bank stand at 8.5% and 8.7%, respectively.
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