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BusinessToday.In
New Delhi, April 12, 2018
The central bank had raised some questions over the ownership of Mauritius-based entity, First Land Holding, which had invested Rs 325 crore in NuPower Renewables, the company owned by Chanda Kochhar's husband Deepak Kochhar.


BusinessToday.In
April 12, 2018
ICICI Bank CEO Chanda Kochhar and other members of her family had invested in a previously unheard of firm called Credential Finance Ltd at a time when Venugopal Dhoot's Videocon International Ltd had held a 17.74 per cent stake in it.


BusinessToday.In
New Delhi, April 12, 2018
Damodaran says  ICICI board should have handled the controversy better to gain the confidence of investors and customers


Aseem Thapliyal
April 12, 2018
On March 28, the stock closed at 278 level on BSE after the bank board countered allegations of a quid-pro-quo in sanctioning of Rs 3,250 crore loan to the Videocon Group,  and backed CEO Chanda Kochhar, saying that no individual employee, irrespective of his or her position, has the ability to influence credit decision at the bank.


PTI
April 11, 2018



Rajeev Dubey
New Delhi, April 10, 2018
RBI showed a lot of spine in nudging Sharma to look for an honourable exit. Even after the Axis Bank board had approved a fourth 3-year term for Sharma starting June 1, the banking regulator wrote back to the board to reconsider its decision.


BusinessToday.In
April 10, 2018
Axis Bank's Shikha Sharma has had an illustrious career in banking, regardless of the rough patch that's hogging the headlines lately. Known for her calm and composed disposition, Sharma is not new to tough times.


BusinessToday.In
April 10, 2018
Global ratings agency Fitch on Monday warned the second largest private bank of a 'potential risk of financial penalties' if the probe agencies come up with findings against Chanda Kochhar.


Anand Adhikari
June 18, 2018
ICICI was often given the tag of 'CEO factory' for the fast growing financial services industry.


Mail Today Bureau
April 10, 2018
 Earlier, the RBI had asked the Axis Bank board to reconsider the fourth three-year term it gave to CEO Shikha Sharma last year. The regulator addressed the letter to Axis Bank chairman Sanjiv Misra and gave its reasons for a review. These included the bank's performance and its deteriorating asset quality.


PTI
April 10, 2018
The Central Bureau of Investigation has initiated a preliminary enquiry into the matter to check any wrongdoing, while other agencies, including the Enforcement Directorate, are also investigating the case.


Anand Adhikari
New Delhi, April 9, 2018
Days after the Reserve Bank of India (RBI) asked the board of the Axis Bank to reconsider their decision to extend the tenure of Shikha Sharma, MD and CEO of the private bank, Sharma, an ex ICICI banker, seems to have looked for an honourable exit.


BusinessToday.In
April 9, 2018
Ratings agency Fitch on Monday said the investigation into ICICI Bank CEO Chanda Kochhar's potential conflict of interest in loans sanctioned to Videocon raises questions over the 'bank's governance' and 'creates reputational risks'.


BusinessToday.In
April 9, 2018
The investors are worried about value erosion in the bank as uncertainties cloud its operations and potential liabilities make future earnings unpredictable.


BusinessToday.In
New Delhi, April 9, 2018
Following the Videocon loan case, the board had met on March 28 and April 2, but a few directors were not present in the meetings


PTI
New Delhi, April 8, 2018
The CBI questioned Mahesh Chandra Punglia, closely associated with Videocon group in connection with ICICI Bank's Rs 3,250 crore loan to the Group in 2012, as the examination of Rajiv Kochhar, ICICI Bank MD and CEO Chanda Kochhar's brother-in-law, continued for the third day today, officials said here.


PTI
New Delhi, April 7, 2018
The questioning of Rajiv Kochhar, ICICI Bank MD and CEO Chanda Kochhar's brother-in-law, by the CBI started on the third consecutive day today in connection with the banks Rs 3,250 crore loan to Videocon Group in 2012, officials here said.


BusinessToday.In
New Delhi, April 7, 2018
In the wake of the ICICI Bank-Videocon loan saga, the government has changed its nominee on the board of ICICI Bank. The Department of Financial Services informed the bank about the replacement on April 5.


BusinessToday.in
New Delhi, April 9, 2018
In an exclusive interview, BusinessToday.In Editor Rajeev Dubey spoke to Deepak Kochhar, husband of ICICI MD and CEO Chanda Kochhar, on the allegations levelled against him and the ICICI MD for conflict of interest and quid pro quo. Deepak Kochhar has revealed Chanda was not aware of his tie-up with Videocon Group Chairman Venugopal Dhoot. \"Chanda did not know when I set up NuPower. I knew Dhoot through social circles. I told her when Dhoot exited,\" Deepak Kochhar told India Today TV. Watch BusinessToday.In's exclusive video on the recent revelations in the ICICI-Videocon loan controversy.


Rajeev Dubey
New Delhi, April 6, 2018
The ICICI Bank chief has been accused of favouritism, conflict of interest and quid pro quo. However, Deepak on Friday said that Chanda was not even aware of his business dealings with Dhoot.


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