Free Press Journal
  • ICICI Bank shareholders seek clarity on Chanda Kochhar’s probe 

    Vadodara : The Chanda Kochhar saga dominated the annual general meeting of ICICI Bank here on Wednesday, with shareholders seeking clarity on the allegations of impropriety against the MD & CEO who is on an indefinite leave since June apart from demanding action against her.

  • Chanda Kochhar may be re-appointed as director on ICICI Securities board

    Mumbai : ICICI Bank CEO and Managing Director Chanda Kochhar, who is on leave pending a probe into alleged irregularities in sanctioning loans, is likely to be re-appointed as a director on the board of ICICI Securities. The proposal will be taken up at the AGM of ICICI Securities on August 30.

  • RBI refuses to comment on ICICI Bank mess

    Mumbai: The Reserve Bank of India (RBI) today refused to comment on the corporate governance issues plaguing ICICI Bank whose MD and CEO Chanda Kochhar was asked to proceed on leave till an external enquiry into her alleged malafide actions favouring Videocon group and the companies of her husband Deepak Kochhar was completed.

  • Videocon-ICICI loan case, CBI, Chanda Kochhar, Chanda kochhar's brother in law, Rajiv Kochhar, CBI inquiry, ICICI, Videocon

    ICICI Bank posts first loss in decade over bad loans

    Mumbai : Private sector lender ICICI Bank on Friday posted its first quarterly loss, in at least a decade, as it had to set aside more funds as provisions to cover bad loans. The June quarter loss stood at Rs 120 crore.

  • Chanda Kochhar gone, message is loud & clear

    As the country just began to come out of the shock of Jeweller Nirav Modi, who allegedly duped the nation’s major bank, the Punjab National Bank and found his way out of India not to return unless a miracle takes place, yet another scandal came down bitterly and heavily on banking circle; this time it was Bank of Maharashtra, that went out of the way to oblige Pune’s super-builder S R Kulkarni, who, along

  • Sheer brazenness of Chanda Kochhar

    The pose of injured innocence which the disgraced ICICI Bank managing director and chief executive officer, Chanda Kochhar, seeks to affect does not impress anyone. Not after the sordid facts in the public domain which speak of a clear conflict of interest in the bank’s dealings under her watch with the Videocon group and her husband’s web of companies. If she really felt wronged by the charges when they first surfaced in

  • ICICI-Videocon loan case: SEBI yet to receive reply from bank on Chanda Kochhar issue, says Ajay Tyagi

    Mumbai: SEBI Chairman Ajay Tyagi today said the regulator is yet to receive a reply from the ICICI Bank on allegations involving its CEO Chanda Kochhar. Besides Sebi, various other agencies, including the CBI, are looking into alleged lapses involving Kochhar and her family members with respect to loans extended by the lender to certain entities, including the Videocon group.

  • ICICI-Videocon loan case: Chanda Kochhar’s South Mumbai flat under IT lens

    Days after ICICI CEO Chanda Kochhar was asked to go on an indefinite paid leave, the IT department is now probing the complex transactions linked to her family residence in South Mumbai. As per the reports in Indian Express, the land acquisition deal of the house involving firms linked to Videocon Group has come under the scanner of the Income Tax dept.

  • Sandeep Bakhshi: 8 Things to know about the new ICICI Chief Operating Officer

    Amid the ongoing controversy of allegations against CEO Chanda Kochhar, ICICI bank appointed Sandeep Bakhshi as its Chief Operating Officer (COO). Bakhshi will the handling the duties of Chanda Kochhar, who will be on a long leave until the independent enquiry against her led by former Supreme Court judge BN Srikrishna concludes. Kochhar is involved in an alleged allegation of ‘conflict of interest’ and ‘quid pro quo’ in a

  • ICICI Bank denies rumours about sending CEO Chanda Kochhar on leave

    ICICI Bank denied a recent news report which claimed that the bank’s Managing Director and CEO Chanda Kochhar has been asked to go on a leave by the board due to her alleged allegations of favouring Videocon Group in a previous deal. The bank claimed that Kochhar has gone on a scheduled annual leave and not because of any directive by the bank’s board. The bank also said that there was no

  • SEBI issues notice to ICICI Bank, CEO Kochhar in Videocon case

    Mumbai, Private lender ICICI Bank on Friday said that Securities and Exchange Board of India (SEBI) has sought responses from the company and its MD and CEO  Chanda Kochhar on alleged non-compliance of the “erstwhile ‘Listing Agreement’ and the ‘Listing Obligations and Disclosure  Requirements) Regulations,  2015′”. According to a BSE filing, SEBI sought the reply via a notice issued to the private lender and its MD and CEO on May 24.

  • Government’s nominee on ICICI Bank board transferred

    New Delhi: The government has transferred bureaucrat Lok Ranjan, its nominee on the board of the controversy-hit ICICI Bank, from the Finance Ministry to the Department of Personnel and Training. According to a notice by the Appointments Committee of the Cabinet late Thursday, Ranjan, who was Joint Secretary, Department of Financial Services, was moved to the Department of Personnel and Training as Joint Secretary on “lateral shift basis, from the date of