CBI registers FIR in ICICI Bank-Videocon loan case
NEW DELHI: The CBI has registered an FIR in connection with alleged irregularities in the Rs 3,250 crore ICICI Bank-Videocon loan case and is carrying out searches Thursday at the group headquarters in Mumbai and offices in Aurangabad, officials said. The search operation started Thursday morning and also covered offices of Nupower, a company operated […]
ICICI Bank raises Rs1,140 crore via bonds
NEW DELHI: Private sector lender ICICI Bank on Friday said it has raised Rs1,140 crore by issuing Basel III compliant bonds on private placement basis. “The Bank has allotted 11,400 Basel III compliant unsecured subordinated perpetual Additional Tier 1 bonds in the nature of debentures aggregating Rs1,140 crore on private placement basis,” ICICI Bank said […]
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 […]