Tag: Chanda Kochhar

New Delhi: Chanda Kochhar has stepped down from the post of MD and CEO of ICICI bank after the board of directors of the private bank on Thursday accepted the former’s request to seek early retirement from the post. According to a report by The Economic Times, the bank confirmed accepting Kochhar’s resignation with immediate effect […]

New Delhi: Sandeep Bakhshi, the former head of ICICI’s life insurance arm, was appointed as Managing Director and CEO of ICICI Bank after Chanda Kochhar, who was mired in allegations of quid pro quo and conflict of interest, on Thursday resigned as from the top post of the bank. Kochhar, 57, whose second five-year term […]

Mumbai: Beleaguered former ICICI Bank Chief Executive Chanda Kochhar on Wednesday said that none of the credit decisions at the bank were unilateral. Kochhar’s reaction comes after Justice Srikrishna Committee indicted her for violation of bank’s code of conduct and conflict of interest duties in the controversial Rs 3,250-crore loan for the Videocon Group, a […]

Mumbai: The CBI on Friday questioned ICICI Bank CEO and MD Chanda Kochhar’s brother-in-law Rajiv Kochhar for a second consecutive day in connection with a case of Rs 3,250 crore loan to the Videocon Group in 2012. Rajiv Kochhar is being questioned at the Central Bureau of Investigation’s (CBI) Bandra-based office since morning. Informed sources […]

New Delhi: The CBI has registered a preliminary enquiry against Deepak Kochhar, husband of ICICI bank MD and CEO Chanda Kochhar, officials of the Videocon group and others to determine whether any wrongdoing was involved in the sanctioning of a Rs 3,250 crore loan to the Videocon Group by the ICICI Bank Ltd as part […]

Mumbai: The Enforcement Directorate (ED) on Monday questioned former ICICI Bank CEO Chanda Kochhar for the fourth consecutive day in the ongoing probe into the alleged irregularities and corrupt practices in sanctioning a Rs 1,875-crore loan by the bank to the Videocon Group. Chanda Kochhar’s questioning began at ED’s office after she deposed before the […]

Mumbai: The beleaguered Videocon Group has admitted to stupendous outstandings to various lenders – public and private – amounting to over Rs 90,000 crore, making it perhaps the biggest corporate bankruptcy case in Indian banking history, official sources said on Thursday. The two main group companies – Videocon Industries Ltd (VIL) and Videocon Telecommunication Ltd. […]

New Delhi: The Enforcement Directorate (ED) on Monday questioned former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar here in an ongoing probe into the alleged irregularities and corrupt practices in the sanctioning of a Rs 1,875 crore loan by the bank to the Videocon Group. They appeared before the ED headquarters here […]

New Delhi: The Enforcement Directorate (ED) for a second consecutive day on Tuesday questioned former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar for eight hours and asked them to join the investigation again on Wednesday in connection with the Rs 1,875-crore Videocon loan case. The Kochhars arrived at the ED headquarters in […]

New Delhi: A Delhi court has granted an interim stay on the screening of a movie based on the life of Chanda Kochhar, former ICICI Bank Managing Director and Chief Executive Officer. She had moved the court through advocate Vijay Aggarwal, seeking a stay on the release of the movie alleging that its content was […]

Mumbai: The ICICI bank has approached the Bombay High Court seeking effect to “termination of appointment” of Chanda Kochchar as its Managing Director and CEO, and also sought recovery of various amounts from her. In a monetary suit filed on January 10, the bank sought dismissal of Kochhar’s petition and stated that the issue can […]

New Delhi: The Supreme Court on Monday declined to entertain a petition by Chanda Kochhar challenging her termination as MD & CEO of ICICI Bank, and also a decision to deny her bonus. A bench headed by Justice Sanjay Kishan Kaul upheld the Bombay High Court order stating that her writ is not maintainable since […]

Mumbai: Former ICICI Bank CEO and MD Chanda Kochhar on Friday appeared before a court here in the alleged ICICI Bank-Videocon money laundering case, and was granted bail. It was the former banker’s first appearance in the court. On January 30, the special court for Prevention of Money Laundering Act (PMLA) had summoned Chanda Kochhar, […]