Icici Bank

Sandeep Bakhshi to be ICICI Bank chief for 3 years, RBI approves appointment

Meet Sandeep Bakhshi, new CEO and MD of ICICI Bank

Sandeep Bakhshi, who kickstarted his professional career at a computer marketing company ORG Systems in 1983, joined the ICICI group in 1986.

IFC seeks USD 30 million defaulted by Punj Lloyd; moves insovency plea at NCLT

IFC is seeking recovery of USD 30 million defaulted by Punj Lloyd. Earlier in June, ICICI Bank had approached NCLT to recover Rs 830 crore of outstanding loans to the firm.

Corp Affairs Min summons Deepak Kochhar in ICICI Bank controversy

NuPower Renewables and NuPower Wind Farms are among the six companies whose books are being inspected by the ministry.

ICICI Bank votes in favour of appointing Chanda Kochhar as company's chairperson

  The shareholders of ICICI Securities at its 23rd annual general meeting held on Thursday passed the resolution to re-appoint Kochhar as the chairperson of the ICICI Bank subsidiary.

ICICI Bank names Girish Chandra Chaturvedi as non-executive Chairman

ICICI Bank on June 18 announced the appointment of Sandeep Bakhshi as Whole time Director and Chief Operating Officer (COO).

Videocon Loan case: ICICI Bank, Kochhar face US regulatory probe

The cases under scanner include the bank's Rs 3,250 crore loan to Videocon Group in 2012 and the involvement of Kochhar family members in restructuring of the loan.

Parliamentary panel seeks road map on NPA problem, enquires about 'nepotism' in ICICI Bank

Among others, IBA Deputy Chairman and SBI chief Rajnish Kumar and PNB MD Sunil Mehta briefed the panel on various aspects of non-performing assets (NPAs) and banking frauds.   

CEO Chanda Kochhar not asked to go on leave, clarifies ICICI Bank

The lender's clarification came after a media report claimed that Kochhar has been asked to go on a leave.    

Videocon Loan Case: ICICI Bank to hold 'independent' probe into allegations against CEO Kochhar

Without detailing the allegations, the bank in a regulatory filing said the enquiry will be headed by an independent and credible person.

Videocon case: SEBI issues notice to ICICI Bank, CEO Chanda Kochhar

According to the ICICI Bank, the SEBI has sought response on alleged non-compliance of the “erstwhile ‘Listing Agreement’ and the ‘Listing Obligations and Disclosure Requirements) Regulations, 2015’”.

ICICI Bank Q4 net profit slums 50%; announces Rs 1.50 dividend per share

The results come against the backdrop of a series of allegations of impropriety in ICICI Bank's extending loans to some companies and enjoying reciprocal benefits by the family members of the lender's CEO Chanda Kochhar.  

ICICI loan case: CBI questions Dhoot's close aide, Rajiv Kochhar

According to CBI officials, Pugalia was previously an employee of Videocon Group and then used to offer consultancy services to it.   

Videocon-ICICI Bank case: Chanda Kochhar's brother-in-law detained at Mumbai airport

Kochhar was stopped from leaving the country as the CBI had issued a Lookout Circular (LoC) against him, officials said.

ICICI loan case: CBI registers preliminary inquiry against Chanda Kochhar's husband

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.

RBI fines ICICI Bank for security sales violation

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 says it has full faith in MD Chanda Kochhar

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.

EMIs on home, car loans to go higher as SBI, ICICI, PNB hike MCLR

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.

Now, home loans can fetch you cashback for timely payments. Read how

ICICI Bank has launched a cashback of 1 per cent annually on home loans. Defaulters can't avail this offer.