ICICI Bank Case

**FILE PHOTO** In this file photo dated Sept. 08, 2017, Chairperson ICICI Bank Chanda Kochhar at a press conference in Mumbai. (PTI)
**FILE PHOTO** In this file photo dated Sept. 08, 2017, Chairperson ICICI Bank Chanda Kochhar at a press conference in Mumbai. (PTI)

Chanda Kochhar says hurt and shocked by her termination

  • Kochhar became the managing director and chief executive of the leading private sector lender in May 2009
  • The Srikrishna panel observed that Kochhar violated bank policies and other rules and regulations

A file photo of former ICICI Bank CEO Chanda Kochhar. (Mint)
A file photo of former ICICI Bank CEO Chanda Kochhar. (Mint)

ED files case against Chanda Kochhar, others in money laundering case

  • Former ICICI Bank CEO Chanda Kochhar, her husband Deepak Kochhar and Venugopal Dhoot are named in the ECIR
  • The Enforcement Directorate is soon expected to summon the accused named in the ECIR

ICICI Bank accounts for a chunk of the country's bad loans: Reuters
ICICI Bank accounts for a chunk of the country's bad loans: Reuters

ICICI Bank shares rise on board's decision to sack ex-CEO Chanda Kochhar

  • The board has decided to "claw back" all bonuses paid to Kochhar between April 2009 until March 2018.

A file photo of Chanda Kochhar. ICICI Bank plans to claw back all bonuses, amounting to about  ₹10 crore, paid between April 2009 and March 2018 (Mint)
A file photo of Chanda Kochhar. ICICI Bank plans to claw back all bonuses, amounting to about 10 crore, paid between April 2009 and March 2018 (Mint)

Chanda Kochhar sacked after probe panel indictment

  • Srikrishna panel report says the ex-CEO breached bank’s code of conduct
  • ICICI Bank said its board decided to treat Kochhar’s separation from the lender as a “termination for cause” 

 ICICI Bank’s performance over the last three years has seen it pay for past mistakes (Reuters)
 ICICI Bank’s performance over the last three years has seen it pay for past mistakes (Reuters)

ICICI Bank not kosher yet, despite good December quarter metrics

  • An ongoing probe by CBI will act as an overhang as it reportedly involves the current leadership as well
  • Delinquencies are far lower and gross bad loan ratio has improved to 7.75%

CBI on Thursday booked former ICICI Bank Ltd chief executive Chanda Kochhar
CBI on Thursday booked former ICICI Bank Ltd chief executive Chanda Kochhar

Delay in ICICI Bank probe led to CBI investigator’s transfer

  • Sudhanshu Dhar Mishra registered the complaint in the ICICI-Videocon loan controversy case on January 22.
  • According to a CBI order, Mishra was transferred and replaced with another officer, Biswajit Das

P Chidambaram. Photo: HT
P Chidambaram. Photo: HT

After Jaitley, Chidambaram slams CBI for 'indiscriminately targeting' bankers

  • The CBI is also probing the alleged role of Chidambaram as finance minister in INX Media case.
  • Earlier, Jaitley has criticised the CBI for planning to question eminent bankers like K V Kamath in the ICICI-Videocon loan case.

After hearing arguments, the single bench of NCLT of M.K. Shrawat has reserved its order in the case. 
After hearing arguments, the single bench of NCLT of M.K. Shrawat has reserved its order in the case. 

Treat Videocon group as single entity, lenders petition NCLT

  • Sumant Batra, an advocate argued in the Mumbai bench of the NCLT that they are seeking single resolution plan and a single RP for all 14 group companies
  • According to Videocon’s FY17 annual report, the company is liable to repay the liability of other group companies to the extent of 5,082 crore as on 31 March 2017

Union Minister Arun Jaitley (Mint)
Union Minister Arun Jaitley (Mint)

Jaitley sees 'investigative adventurism' in CBI probe against Chanda Kochhar

  • Jaitley’s comments on his blog raised concerns over the professional lives of bankers
  •  Jaitley also sent out a message to investigators to focus on the 'bulls eye' — the ultimate target

Chanda Kochhar quit ICICI Bank in October amid allegations of loans for favours and conflict of interest (Abhijit Bhatlekar/Mint)
Chanda Kochhar quit ICICI Bank in October amid allegations of loans for favours and conflict of interest (Abhijit Bhatlekar/Mint)

CBI books ICICI Bank’s former CEO Chanda Kochhar

  • NuPower Renewables founder Deepak Kochhar and Videocon group MD Venugopal Dhoot also named
  • The CBI carried out searches at four locations in Mumbai, including the Mumbai offices of Videocon and NuPower

Amid the raging controversy, Chanda Kochhar stepped down as the bank’s Managing Director and CEO in October. Photo: Mint
Amid the raging controversy, Chanda Kochhar stepped down as the bank’s Managing Director and CEO in October. Photo: Mint

Inspection of six companies linked to ICICI Bank controversy at ‘advanced stage’: Report

There are allegations of involvement of former ICICI Bank chief Chanda Kochhar and her family members in a loan provided to Videocon Group on a quid pro quo basis