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 […]
Cuttack: Livid over non-compliance to its directives to return property related documents to a loanee, the Orissa High Court has issued an ultimatum to a private bank and asked it to reply in connection with the case within seven days. As per sources, Swatirekha, a resident of Cuttack, had taken loan from the ICICI bank, […]
Bhubaneswar: The Economic Offences Wing (EOW) of Odisha Crime Branch has arrested Swati Rekha for cheating ICICI Bank, Bhubaneswar branch, with the use of forged documents to secure a loan of Rs 1.24 crore. This was informed by Crime Branch Special DG BK Sharma in a tweet message today. EOW of #OdishaCrimeBranch arrested accused Swati […]
Bhadrak: As much as Rs 27L was stolen from 3 ATMs in Chandia Bazaar and Kuansa area under the Bhadrak rural police limits. According to sources, the theft took place yesterday night after which the miscreants set the ATMs on fire. The 3 ATMs have been identified as of ICICI Bank, Axis Bank and SBI […]
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 […]
Kolkata: Ahead of the strike called by the United Forum of Bank Unions (UFBU) on December 26, one of the bank officers’ union has called a strike on December 21, demanding unconditional mandate for the XIth bipartite wage revision talks, officials said on Wednesday. In the wake of strikes and holidays, the banks will remain […]
Mumbai: Private lender ICICI Bank on Wednesday raised interest rates on term deposits of less than Rs 1 crore by 10-25 basis points (bps), effective from November 15. The bank said in a statement that the rate hike is applicable across various maturities of domestic term deposits and also on Non Resident Ordinary (NRO) and […]
Mumbai: Lending major ICICI Bank has said that the government has changed its nominee on the bank’s board. According to a BSE filing, the government has nominated Joint Secretary Lok Ranjan of the Department of Financial Services, as its nominee Director with effect from April 5, 2018. Ranjan comes in the place of Amit Agrawal, […]
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 […]
Two of the biggest private sector lenders ICICI Bank and HDFC Bank have effected a cut of up to 0.50 per cent in term deposit rates following tepid credit growth and ease in money market rates
Banker K.V. Kamath was today appointed head of the BRICS New Development Bank being set up by the group of emerging economies formed by Brazil, Russia, India, China and South Africa
ICICI Bank on Wednesday launched 'Branch on Wheels' in Odisha as part its financial inclusion plan to provide banking services in remote villages in the state which are devoid of banking facilities
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) has issued summons to former ICICI Bank CEO Chanda Kochchar, her husband Deepak Kochchar and brother-in-law Rajiv Kochchar for questioning in a money-laundering case. The agency has summoned Deepak and Rajiv Kochchar on April 30 while the former ICICI Bank chief has been summoned on May 5, sources said. The […]
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