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

An ICICI Bank branch.  (Reuters)
A file photo of former ICICI Bank CEO Chanda Kochhar. (Mint)
ICICI Bank accounts for a chunk of the country's bad loans: Reuters
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)
CBI on Thursday booked former ICICI Bank Ltd chief executive Chanda Kochhar
P Chidambaram. Photo: HT
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)
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