Tag: ICICI Bank

Inspection of six companies linked to ICICI Bank controversy at ‘advanced stage’: Report

NEW DELHI: The Corporate Affairs Ministry’s inspection of the books of six companies linked to the ICICI Bank controversy is at an “advanced stage”, according to a senior official. On April 23, the ministry ordered inspection of six companies, including NuPower Renewables. There are allegations of involvement of former ICICI Bank chief Chanda Kochhar and […]

RBI approves appointment of Sandeep Bakhshi as ICICI Bank MD, CEO

NEW DELHI: Private sector lender ICICI Bank said Reserve Bank of India (RBI) has approved Sandeep Bakhshi’s appointment as Managing Director and CEO of the bank for three years. After resignation of Chanda Kochhar, who was facing inquiry, earlier this month, the bank’s board had elevated Chief Operating Officer (COO) Bakhshi as the new managing […]

Chanda Kochhar quits as CEO of ICICI Bank, Sandeep Bakhshi to take over

NEW DELHI: ICICI Bank Managing Director Chanda Kochhar has resigned from the bank with immediate effect. The board of the bank has accepted the request of Kochhar to seek early retirement, according to a regulatory filing. “The board accepted this request with immediate effect. The inquiry instituted by the board will remain unaffected by this […]

ICICI Bank files insolvency plea against Jaiprakash Associates

NEW DELHI: Leading private sector lender ICICI Bank has filed insolvency petition against Jaiprakash Associates before the National Company Law Tribunal (NCLT). The Allahabad bench of NCLT has asked ICICI bank to serve notice to its corporate debtor Jaiprakash Associates within three days and directed Jaypee group firm to file reply by September 17. If […]

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