Tag: Icici Bank

Chanda Kochhar steps down as MD & CEO of ICICI bank

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 […]

  • Thursday, 29 July 2021
Sandeep Bakhshi named new MD & CEO of ICICI Bank

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 […]

  • Monday, 26 July 2021
HC issues ultimatum to private bank  to return papers to loanee

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, […]

  • Friday, 23 July 2021
Lady arrested by EOW for duping ICICI Bank of Rs 1.24 cr

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 […]

  • Wednesday, 21 July 2021
Bhadrak: Miscreants loot Rs 27 lakh from 3 ATMs, set them on fire

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 […]

  • Tuesday, 20 July 2021
Credit decision not taken unilaterally: Kochhar

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 […]

  • Friday, 09 July 2021
bank-holidays december
Alert! Banks To Remain Closed For 5 Days This December

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 […]

  • Friday, 09 July 2021
ICICI Bank hikes interest rates on fixed deposits of less than Rs 1 cr

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 […]

  • Thursday, 08 July 2021
Govt changes its nominee in ICICI Bank board

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, […]

  • Wednesday, 07 July 2021
CBI registers PE against Chanda Kochhar's husband in ICICI loan case

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 […]

  • Wednesday, 07 July 2021
icici bank
ICICI, HDFC Bank slash deposit rates by up to 50 bps

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

  • Sunday, 27 June 2021
ICICI's K.V Kamath named BRICS bank president

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

  • Tuesday, 22 June 2021
icici bank
ICICI Bank launches 'Branch on Wheels' in Odisha

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

  • Monday, 21 June 2021
Banks, others may lose Rs over Rs 90,000 crore as Videocon sinks

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. […]

  • Sunday, 02 May 2021
ED summons Chanda Kochhar, husband, brother-in-law

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 […]

  • Saturday, 01 May 2021