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The former HDFC chairman said ICICI Bank once made an offer to take over the mortgage lender but it was declined. On a podcast with ICICI Bank’s former chief, Chanda Kochhar, he recalled his most memorable experiences with the banking regulator
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The CBI's allegations against the Kochhars and others involved the sanctioning of credit facilities in violation of banking regulations and policies.
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A division bench of Justices Anuja Prabhudessai and NR Borkar passed the verdict today confirming the interim bail granted to the couple on January 9, 2023, the report added.
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As per the CBI, private sector lender ICICI Bank sanctioned credit facilities of Rs 3,250 crore to Videocon Group firms in violation of the Banking Regulation Act, Reserve Bank of India’s guidelines, and the credit policy of the bank.
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In May 2023, a division bench of the Bombay High Court upheld the order of a single judge rejecting her interim application seeking post retirement benefits from ICICI bank.
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Videocon Group founder Venugopal Dhoot had during an argument over a flat told Deepak Kochhar, the husband of ICICI bank's former CEO and MD Chanda Kochhar.
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The case involves alleged cheating and irregularities in loans granted by the bank to Videocon Group companies. The sanction letter was obtained under section 19 of the Prevention of Corruption Act.
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The claim for remuneration for time not spent actually working was dubbed as “time theft”, thereby adding a new tort in the lexicon of employer-employee disputes
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The Srikrishna committee, which was tasked to probe the allegations of quid pro quo transactions in ICICI Bank, submitted its report to the lender in January 2019.
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The Bombay High Court will today take up a petition of Videocon chairman Venugopal Dhoot, a co-accused in the case, who, too, has challenged his arrest and sought bail
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Chanda Kochhar walked out of the Byculla women's prison in Mumbai, while her husband was released from the Arthur Road jail, the official said.
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As per a prison official, they didn't receive the release order by 5:30 pm, the deadline set by jail authorities, hence the couple was not freed on Monday.
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The Bombay High Court granted bail to the former ICICI Bank chief and her husband, Deepak Kochhar, saying the arrests were not in accordance with law
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The court has ordered their release in a plea challenging their arrest and claiming it illegal. "Arrest not in accordance with the law," the court observed
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Edelweiss CEO and MD Radhika Gupta hit back at a Twitter user who suggested that women in business cannot be trusted.
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Chanda Kochhar will go down in corporate history as part of a long list of chief executives whose financial misdemeanours hobbled the companies they headed
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Besides the 2009-11 loans, Videocon was given 10 high-value loans during 2012-16, it has been found. Kochhar was part of the sanctioning committee during two loans of Rs 350 crore and Rs 750 crore
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The company is operational, but could fold up any time. Its liquidity position is precarious. CareEdge Ratings has given a ‘D’ rating to its long-term bank facilities, indicating it is in default or is expected to be in default soon.
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The Kochhars were arrested by the Central Bureau of Investigation (CBI) last Friday. Dhoot was arrested on Monday.
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Both the Dhoot and Kochhar families were closely involved in NuPower Renewables from its early beginnings, contrary to claims, evidence shows
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The probe agency arrested Kochhars last Friday after questioning them briefly. Dhoot was arrested on Monday.
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A lawyer representing the Kocchars said that no prior sanction, as required under the law, was obtained by the CBI before their arrest.
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This week’s arrests by the CBI therefore goes some way in alleviating fears that the case is being handled with kid gloves
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In a free-wheeling interview with Moneycontrol, Gupta said the role of ICICI Bank management, named in the CBI First Information Report (FIR), needs to be probed thoroughly.
