June 18, 2018 04:50 PM IST
Sources say, 'she comes to work on a "need basis" during her annual leave and was also present at the board meeting last week when the bank decided to dilute 2 percent more in ICICI Prudential Life'.
June 18, 2018 10:36 AM IST
A formal announcement might be made this week.
June 16, 2018 07:55 PM IST
An enquiry panel will probe allegations of corporate misconduct and quid pro quo against Kochhar, the Managing Director and CEO of the bank.
June 16, 2018 12:32 PM IST
Going forward, it expects the Sensex EPS to be Rs 1,870 for FY19 and Rs 2,241 for FY20, an increase of 36 and 20 percent, respectively.
June 15, 2018 05:22 PM IST
The agency also downgraded ICICI Bank's 'support rating' to '3', from '2', apart from revising down its support rating floor to 'BB+', from 'BBB-'.
June 15, 2018 04:37 PM IST
However, Fitch has downgraded ICICI's Support Rating to '3', from '2', and revised downwards its Support Rating Floor to 'BB+', from 'BBB-'.
June 15, 2018 01:16 PM IST
Srikrishna will investigate whether Kochhar violated the bank’s code of conduct and if she was involved in quid pro quo transactions with certain bank borrowers
June 15, 2018 10:05 AM IST
As per provisions of the Income Tax Act, Puri's salary for FY18 was Rs 7.26 crore, as against the Rs 8.12 crore he was paid in 2016-17
June 14, 2018 09:42 PM IST
According to Punj Lloyd, 90 percent of its lenders are supporting a resolution plan under the leadership of the SBI for restructuring the outstanding debts of the company.
June 14, 2018 08:08 PM IST
Kotak said the recent losses by banks look "unreal" and the present stress is a "culmination of years of kicking the can" and added that for the next few quarters, the provisions will continue to be higher.
June 13, 2018 03:44 PM IST
The Ministry of Corporate Affairs has started inspection of NuPower Renewables and five other companies linked to the ICICI Bank controversy
June 12, 2018 09:55 PM IST
The agency also upgraded the counterparty risk assessments of four banks, including PNB, ICICI Bank, Bank of Baroda and Axis Bank.
June 12, 2018 08:35 AM IST
The bank's response was sought by stock exchanges regarding a report that matter of alleged lapses involving Kochhar has come under the scanner of the US Securities and Exchange Commission (SEC).
June 11, 2018 10:15 PM IST
ICICI Bank today said it has not received any "specific communication" from the US markets regulator SEC with regard to alleged lapses involving the lender's chief Chanda Kochhar and her family members.
June 11, 2018 10:48 AM IST
SEBI had last month served a notice to ICICI Bank CEO and MD Chanda Kochhar in relation to the bank's dealings with Videocon Group
June 10, 2018 12:32 PM IST
When asked about its probe into matters related to ICICI Bank and Kochhar, a spokesperson for the SEC Office of Public Affairs declined to comment.
June 08, 2018 04:23 PM IST
In all, top slots at 12 such state-owned banks will have to scout for a new appointments in this year as some either retire or will have completed their term
June 08, 2018 10:43 AM IST
SEBI had sent a 12-page showcause notice to ICICI Bank and Chanda Kochhar on May 23 in relation to disclosures made while giving loans to Videocon group
June 07, 2018 03:51 PM IST
Maintaining the policy stance at neutral gives the Monetary Policy Committee (MPC) some room to remain data dependent going forward and also suggests that the rate hike cycle is likely to be a shallow one for now
June 07, 2018 02:15 PM IST
The official also said the affairs of ICICI Bank are not being looked into by the ministry as that is completely under the purview of the Reserve Bank of India (RBI).
June 05, 2018 06:54 PM IST
The present chairman MK Sharma's term ends on June 30, 2018.
June 04, 2018 07:50 PM IST
Congress leader Pawan Khera said the entire fraud is identical to scams perpetrated by Nirav Modi, Mehul Choksi and Jatin Mehta "who have fleeced and fled the country under the protection of the Modi Government".
June 04, 2018 11:13 AM IST
Veteran banker and former Bank of Baroda chairman and managing director, MD Mallya, is the frontrunner to succeed MK Sharma
June 03, 2018 09:56 AM IST
ICICI Bank and other banks followed PNB and SBI to raise lending interest rates, thereby making loans costlier for new and old borrowers
June 02, 2018 09:56 AM IST
Arvind Gupta alleged that Essar Capital Holdings, Mauritius compensated the Matix Group for funding NuPower Renewable group by subscribing to the equity offering by the Matix Fertilisers and Chemicals during December 2010 to August 2011 by buying 163,540,343 shares of Rs 10 each for Rs 163.53 crore.
