ICICI Bank sacks Chanda Kochhar
Justice Srikrishna panel finds Kochhar, the former MD and CEO of ICICI Bank, violated the bank’s code of conduct. In a statement, Kochhar says, “truth will ultimately prevail”
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January 2019
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November 2017
ICICI Bank replies to SEBI’s notices in Kochhar matter
The market regulator had sent the showcause notices to Chanda Kochhar and ICICI Bank in May.
ICICI Bank: Is the worst over?
ICICI Bank’s stock rises nearly 5% despite quarterly losses as investors draw comfort from NPA clean-up steps.
It’s official! Kochhar to be on leave till probe ends
After a board meeting on Monday, ICICI Bank released a statement saying Chanda Kochhar would continue as MD and CEO, but would remain on leave till the enquiry is completed.
Investors want Chanda Kochhar to step down
Indefinite leave or planned leave aside, investors say Kochhar’s disassociation with ICICI Bank is in the bank’s best interest.
ICICI Bank to probe allegations against CEO
The bank’s board agreed to an independent probe into allegations of nepotism against its MD and CEO.
Is Sebi’s notice a cue for Kochhar to bid adieu?
After market regulator Sebi served a notice to the MD and CEO of ICICI Bank, Chanda Kochhar, on dealings with Videocon, analysts say it’s time she stepped down.
ICICI Bank’s slippages rise over 250%
The bank says the 250% quarter-on-quarter increase in slippages is largely due to RBI’s new NPA recognition & resolution norms.
ICICI Bank faces reputational risks: Fitch
Assumptions that corporate governance at private banks is generally stronger than at state-owned banks due to better-qualified board members and more professional management, could come under question if the investigations expose misconduct at ICICI Bank.
Survival bid: Videocon targets surveillance pie
Videocon, consumer durable giant of 90s, wants to use it manufacturing prowess to make products like surveillance cameras. It’s track record and financial position are stacked against it.
