The board of ICICI Bank Ltd is meeting on Monday to decide on the future of chief executive officer Chanda Kochhar, said people familiar with the matter.
ICICI Bank CEO Chanda Kochhar has been asked to proceed on indefinite leave from the company she has helmed for almost a decade until an independent enquiry announced by the lender’s board to probe alleged cases of impropriety is concluded, according to a person with direct knowledge of the board’s decision.
Market regulator appoints adjudicating officer to probe potential contravention of securities law in Videocon loan case …
Deepak Kochhar, promoter of NuPower and husband of ICICI Bank MD & CEO Chanda Kochhar, denied media reports quoting him as saying that inviting Videocon chairman Venugopal Dhoot to join NuPower’s board was a mistake.
Deepak Kochhar, founder of wind energy company NuPower Renewables, has been in the eye of a storm over his company’s relationship with Videocon group, which received a loan in 2012 from ICICI Bank, headed by his wife Chanda Kochhar.
Live: Chanda Kochhar Didn’t Need To Recuse Herself From Committee That Approved Videocon Loan – ICICI Bank Chairman
Towards the end of his brief statement, which mirrored the ICICI Bank board’s press statement issued yesterday, ICICI Bank Chairman MK Sharma listed a few questions received by bank from various media and offered some responses.
Remarkable coincidence, or something sinister? That’s the question posed by L’affaire Chanda Kochhar, the celebrated managing director & CEO of ICICI Bank.