ICICI Bank to probe role of CEO Kochhar following whistle-blower complaint
Posted on 31st May 2018 |
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Private sector lender ICICI Bank will conduct an independent enquiry into allegations of breach of code of conduct and conflict of interest against Managing Director and Chief Executive Chanda Kochhar after a complaint from an anonymous whistle-blower. This comes soon after the Securities and Exchange Board of India (Sebi) served a notice to the bank and Kochhar. |
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ICICI Bank okays independent probe into allegations against Chanda Kochhar
Posted on 30th May 2018 |
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Private sector lender ICICI Bank on Wednesday said it instituted an independent enquiry into the allegations levelled by anonymous whistle-blower against MD and CEO Chanda Kochhar. Without detailing the allegations, the bank in a regulatory filing said the enquiry will be headed by an independent and credible person. |
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Sebi serves notice on ICICI Bank CEO Chanda Kochhar in Videocon loan case
Posted on 25th May 2018 |
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Market regulatory Sebi has served a notice on ICICI Bank CEO and MD Chanda Kochhar on dealings of the bank with Videocon Group and Nupower, an entity in which her husband Deepak Kochhar has economic interests, the private sector lender said on Friday. Appropriate response would be submitted to the Sebi, the country's largest private bank said in a stock exchange filing. |
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Mutual funds shun TCS, ICICI Bank, Avenue Supermarts in April
Posted on 18th May 2018 |
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Mumbai: Even when the market rose 6.65% in April, mutual funds’ top stock sales in the month in the large-cap space included software exporter Tata Consultancy Services Ltd (TCS), private lender ICICI Bank Ltd. and supermarket chain Avenue Supermarts Ltd. Mutual funds invested a net of Rs9,435.64 crore in Indian equities in April, data from Securities and Exchange Board of India (Sebi) showed. |
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Lok Ranjan to continue as govt nominee on ICICI Bank board
Posted on 12th May 2018 |
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Lok Ranjan, a senior bureaucrat, will continue to be the government’s nominee on the ICICI Bank’s board despite his transfer from the department of financial services (DFS) to the department of personnel and training (DoPT), financial services secretary Rajeev Kumar said on Friday. “Ranjan will continue to be our nominee even though he is going to DoPT. There is no change,” Kumar said, when asked if the government will appoint a new nominee. |
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ICICI Bank Q4 net profit halves to Rs 10.2 bn, bad loan provisions surge
Posted on 8th May 2018 |
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ICICI Bank on Monday posted a net profit of Rs 10.2 billion for the quarter ended March 2018, against Rs 20.2 billion a year ago, due to a sharp rise in provision for bad loans. The bank’s profit was boosted by a one-time income arising from the sale of shares in its capital market arm, ICICI Securities, to the tune of Rs 33.20 billion. |
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All eyes on Chanda Kochhar as ICICI board meets
Posted on 7th May 2018 |
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New Delhi: ICICI Bank Ltd’s shareholders expect its board to clarify on conflict-of-interest allegations raised against its chief executive Chanda Kochhar at its Monday meeting to approve the lender’s March quarter earnings, executives from three top asset management companies said. |
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Court declares ICICI Bank's option contracts with garment exporter as void
Posted on 5th May 2018 |
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A Court in Coimbatore, Tamil Nadu has issued an order against ICICI Bank in a matter involving a set of option contracts submitted by a hosiery garments exporter. Freelook Fashions, a company that manufactures and exports hosiery garments to United Kingdom and Ireland, had moved the Court to declare eight option contracts that it entered with the bank as void and unenforceable. |
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ICICI Securities IPO under Sebi scanner
Posted on 24th April 2018 |
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Mumbai: The stock market regulator Securities and Exchange Board of India (Sebi) has sought details of a large investment made by ICICI Prudential Mutual Fund in the flop IPO of affiliate ICICI Securities Ltd, two people aware of the matter said. ICICI Securities had to cut its IPO size to Rs3,520 crore from the original target of Rs4,017 crore because of poor investor interest. Of this, a large chunk was bought by ICICI MF. |
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