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, […]

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, […]