Supreme Court Dismisses Chanda Kochhar’s Plea Against Termination As ICICI Bank CEO
The apex court said, “We are not inclined to interfere in the impugned order. This falls within the realm of private contract between bank and employer.”
Chanda Kochhar
Chanda Kochhar moves High Court against ICICI Bank over termination
In January when ICICI Bank’s internal inquiry found that Chanda Kochhar had violated disclosure norms on conflict of interest.
CBI Issues Lookout Notice Against Chanda Kochhar
The Central Bureau of Investigation (CBI) has issued a lookout notice against Chanda Kochhar, former managing director and CEO of ICICI Bank. It has also issued similar lookout circulars for her husband Deepak Kochhar and Videocon Group promoter Venugopal Dhoot. The lookout circular was issued as a part of routine proceedings. An FIR was registered last […]
Chanda Kochhar violated ICICI’s Code of conduct says enquiry report
Former MD and CEO of ICICI’s has been sacked in the Videocon loan case as the enquiry report found that Kochhar violated the bank’s “Code of conduct” during her tenure. The audit committee of the bank appointed the former Supreme Court judge, Justice B.N. Srikrishna as the Head of the Enquiry committee. The probe was […]
Law Firm Withdraws Clean Chit Given To Chanda Kochhar
Top law firm Cyril Amarchand Mangaldas has withdrawn its 2016 report, in which it had given a clean chit to Chanda Kochhar, as per reports. The firm had given a clean chit to the former ICICI Bank MD and CEO over allegations of nepotism and conflict of interest in loan sanctioning to the Videocon Group. […]
Chanda Kochhar Reappointed ICICI Securities Board Director
On 30th August, at the ICICI Securities Ltd. Annual General Meeting, Chanda Kochhar won the resolution for her reappointment. She became the Director on the board of ICICI Securities after gaining a comfortable margin. Despite proxy advisory firms advising shareholders to reject the proposal, ICICI Bank voted to reappoint Chanda Kochhar. Currently, MD and CEO, […]
Chanda Kochhar – Safeguarding Individual Image Over The Institution
“The net loser is not the bank and nor Chanda Kochhar herself. The net losers are the thousands of younger women who used to have an aspirational role model,” says Sonu Bhasin. The latest communique from ICICI Bank says that Chanda Kochhar the current managing director, has decided to go on leave till the completion […]
Chanda Kochhar Set To Go On Leave; Reign Over?
Chanda Kochhar, managing director and CEO of ICICI Bank, has recently been asked by the board of directors of ICICI Bank to go on a leave till an internal probe is completed. There are speculations that Kochhar may go on a sabbatical following the allegations of conflict of interest in loans to Videocon group —though she continues to remain the […]
ICICI, Chanda Kochhar Face US Regulatory Probe
With the multi-agency probe continuing into alleged lapses involving ICICI Bank’s chief Chanda Kochhar and her family members, the matter has also come under the scanner of the US markets regulator SEC, as per reports. Indian Agencies Seeking Foreign Help The Indian regulators and investigative agencies are seeking help from their overseas counterparts, including in […]
ICICI Bank To Probe Allegations Against CEO Chanda Kochhar
ICICI Bank Board of Directors said on May 30 that it will institute an inquiry into allegations against bank MD and CEO Chanda Kochhar. The allegations were raised by an anonymous whistleblower who complained that Kochhar had not adhered to provisions relating to “code of conduct” of the bank. ICICI, India’s third-biggest lender by assets, […]