ICICI loan case: CBI questions Dhoot's close aide, Rajiv Kochhar
India | April 07, 2018 20:20 ISTAccording to CBI officials, Pugalia was previously an employee of Videocon Group and then used to offer consultancy services to it.
According to CBI officials, Pugalia was previously an employee of Videocon Group and then used to offer consultancy services to it.
Kochhar was stopped from leaving the country as the CBI had issued a Lookout Circular (LoC) against him, officials said.
CBI sources said that Chanda Kochhar, against whom conflict of interest questions have been raised, has not been named in the preliminary inquiry as of now.
The RBI said this action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
ICICI Bank board also reviewed the bank's internal processes for credit approval and found them robust, the private sector lender said in a statement.
The Reserve Bank of India (RBI) had introduced the MCLR system with effect from April 1, 2016 on account of limitations in the base rate regime.
ICICI Bank has launched a cashback of 1 per cent annually on home loans. Defaulters can't avail this offer.
As per the new rates, salaried women borrowers will get home loans at 8.35 per cent and others at 8.40 per cent for loans up to Rs 30 lakh
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