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PTI
New Delhi, June 29, 2018
Puri termed the ongoing troubles in the system as a period of transition, and that there is nothing to worry at the systemic level as most of the lenders are either well-capitalised or have the assurance of government support.


BusinessToday.In
June 28, 2018
Evergreening is a practice whereby banks extend even more loans to debt-laden companies to help them repay previous loans and hopefully earn enough revenue along the way to get out of trouble.


BusinessToday.In
June 26, 2018
The Sebi had initiated a preliminary enquiry into various disclosures made by ICICI Bank after various agencies started investigating the charges of conflict of interest and quid pro quo against CEO Chanda Kochhar.


BusinessToday.In
New Delhi, June 22, 2018
The findings in the interim report had no material impact on the financial statements for FY2018 and the interim report has been submitted to the regulator, ICICI Bank said in a stock exchange filing.


BusinessToday.In
June 19, 2018
Even as media reports continue speculation around the future of the top post at the bank, we look at how the stock has moved during all the major developments since Kochhar took charge in 2009.


BusinessToday.In
June 18, 2018
ICICI Bank recently roped in former Supreme Court Judge B N Srikrishna to probe the allegations of quid pro quo and conflict of interest levelled against Chanda Kochhar by whistleblower Arvind Gupta.


Virendrasingh Ghunawat
June 16, 2018
Earlier, ICICI Bank had said that it would initiate an enquiry into the allegations of quid pro quo and conflict of interest levelled against Chanda Kochhar by whistleblower Arvind Gupta.


BusinessToday.In
June 11, 2018
The market regulator last month sent a notice to the ICICI Bank and its CEO Chanda Kochhar, seeking their response on matters relating to alleged non-compliance with certain provisions of the erstwhile Listing Agreement and the Securities and Exchange Board of India.


BusinessToday.In
June 11, 2018
US markets regulator Securities and Exchange Commission is actively looking into the allegations of impropriety and reciprocal benefits that ICICI Bank and Chanda Kochhar are battling since the bank is also listed in the US.


BusinessToday.In
June 4, 2018
The decision to begin the hunt for new chairman was reportedly taken after MK Sharma expressed his unwillingness to continue. His term expires this month.


BusinessToday.In
June 2, 2018
The whistle-blower has claimed that the ICICI Bank had favoured Ruia brothers of Essar group for 'round-tripping' investments into Chanda Kochhar's husband Deepak Kochhar's NuPower Group - a firm which is at the centre of current Videocon loan probe.  


BusinessToday.in
New Delhi, May 30, 2018
The ICICI Bank on Wednesday said that it would initiate an enquiry into the allegations of 'conflict of interest' levelled by a whistle-blower against Chanda Kochhar, Managing Director and Chief Executive Officer of ICICI Bank, in a loan case worth over Rs 3,800 crore to Videocon. BusinessToday.In Editor Rajeev Dubey discusses the decision taken by the ICICI Bank.


BusinessToday.In
New Delhi, May 30, 2018
The scope of the enquiry would be comprehensive and would include all relevant matters and, where ever warranted, the use of forensic or email reviews and recording of statements of relevant personnel, says ICICI Bank.


BusinessToday.In
New Delhi, May 25, 2018
The bank said an \"appropriate response\" would be submitted to Sebi. The country's second-largest private lender has been embroiled in controversies ever since investor and whistleblower Arvind Gupta alleged a 'quid pro quo' in ICICI Bank's Rs 3,250 crore plus Rs 660 crore loans to Venugopal Dhoot-owned Videocon Industries.


Virendrasingh Ghunawat
Mumbai, May 9, 2018
Deepak Kochhar, the founder of NuPower Technologies Pvt Ltd and husband of ICICI Bank's MD and CEO Chanda Kochhar, has been questioned thrice in last four working days by the investigation wing of Income Tax Department in Mumbai.


BusinessToday.In
May 8, 2018
ICICI Bank on Monday posted a 49.62 per cent drop in Q4 net profit to Rs 1,020 crore as against Rs 2,025 crore in the year-ago quarter.


BusinessToday.In
New Delhi, May 7, 2018
Paytm, Flipkart effect! E-commerce market sees M&A deals worth $2.1 bn in 2017According to data from Grant Thornton, India's e-commerce industry inked as much as 2.1 billion dollars worth of merger and acquisition transactions in 2017. The e-commerce industry saw 21 deals worth 2,112 million dollars in 2017 with participation from players like Paytm and Flipkart. However, number of transactions and value was lower compared to 2016 which witnessed deals worth 2,224 million dollars in 18 transactions.   The data showed that six transactions worth USD 226 million were seen in the January-April 2018 period. The industry is expected to witness it's largest-ever deal in 2018. If the Walmart-Flipkart deal goes through, it would be the largest so far in the Indian e-tailing market that is forecast to grow to 200 billion US Dollars by 2026 according to a Morgan Stanley estimate.IMD issues thunderstorm, heavy rain warning in 13 states todayThe Meteorological Department has warned of thunderstorms accompanied with squall, hail and heavy rains that are likely to hit at least 13 states and two union territories on Monday.  The department has issued weather forecast for next five days - May 7 to May 12. According to the forecast, thunderstorm accompanied with squall will hit isolated places over Haryana, Chandigarh and Delhi. Following the forecast, the Haryana government has decided to shut all government and private schools on May.Manipal-TPG revises its bid for Fortis, offers to invest Rs 2,100 croreFortis Healthcare Limited or FHL informed in a filing to BSE that it has received a revised offer from Manipal and TPG. In the new offer, Manipal-TPG has valued Fortis at Rs 8,358 crores and shown interest to invest Rs 2,100 crore into Fortis at a share price of Rs 160. Earlier, Manipal-TPG had valued FHL at Rs 6,322 crore.Manipal-TPG in its revised offer said that the FHL group has short term liquidity concerns and needs funding for repayment of existing loans and payments.I-T Dept questions ICICI Bank CEO Chanda Kochhar's husband Deepak Kochhar in Videocon loan caseThe Income-Tax Department has questioned ICICI Bank CEO and MD Chanda Kochhar's husband Deepak Kochhar as part of its investigation into the Videocon loan case, The Indian Express today reported, citing sources.  According to the report, the I-T Dept is probing investments by two Mauritius-based entities in Kochhar's NuPower Renewables Private Ltd a few weeks before ICICI Bank gave a loan of Rs 3,250 crore to the Videocon Group in 2012. Kochhar was questioned for a few hours on May 4.ED refuses to share details of Nirav Modi & Mehul Choksi's seized assetsThe Enforcement Directorate has refused to disclose under the RTI Act the assets of Nirav Modi and Mehul Choksi seized during its probe into the over $2 billion scam in the Punjab National Bank.However, it had earlier made public on Twitter that assets worth Rs 7,664 crore had been attached in connection with the cases involving the uncle-nephew duo of Modi and Choksi.Big wilful defaulters owe Punjab National Bank Rs 15,172 croreBig wilful defaulters owed Rs 15,171.91 crore in loans to Punjab National Bank at the end of March this year. The data from the bank relates to those wilful defaulters who have taken loans of Rs 25 lakh and above but did not repay despite the ability to do so. The liability on such defaulters rose by 1.8 per cent from Rs 14,904.65 crore in February. The public sector lender has been putting out the names of wilful defaulters and firms since June 2017.


BusinessToday.In
May 7, 2018
The board meeting assumes significance amid allegations of conflict of interest against the lender's CEO Chanda Kochhar and her husband Deepak Kochhar in the ICICI-Videocon loan case.


BusinessToday.In
May 6, 2018
The development comes almost a month after the tax authority had asked Deepak Kochhar to furnish all the details regarding personal finances, income tax returns, and business dealings withNuPower Renewables.


BusinessToday.In
New Delhi, April 25, 2018
Before this, the taxman had sent two notices to Kochhar, who is also the husband of ICICI Bank MD and CEO Chanda Kochhar, seeking financial details about his role as the Managing Director of NuPower Renewables, an independent power producer in the renewable energy sector.


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