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Chanda Kochhar

ICICI-Videocon loan case: Chanda Kochhar, husband appear before ED

ICICI-Videocon loan case: Chanda Kochhar, husband appear before ED

Mon, May 13, 2019

Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar appeared before the Enforcement Directorate (ED) on Monday in connection with an alleged bank loan fraud and money laundering case registered against them.

ED questions former ICICI Bank CEO Chanda Kochhar, Deepak Kochhar, and Venugopal Dhoot

ED questions former ICICI Bank CEO Chanda Kochhar, Deepak Kochhar, and Venugopal Dhoot

Sun, Mar 03, 2019

The Enforcement Directorate (ED) here on Saturday questioned former ICICI Bank CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon Group promoter Venugopal Dhoot.

Chanda Kochhar may have to return over Rs 9-cr bonus to ICICI Bank: Sources

Chanda Kochhar may have to return over Rs 9-cr bonus to ICICI Bank: Sources

Fri, Feb 01, 2019

Former ICICI Bank chief Chanda Kochhar, who was terminated with retrospective effect Wednesday, may have to return over Rs 9 crore performance bonus received as the bank's executive head since 2009, sources said.

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Who will decide ICICI Bank chief Chanda Kochhar's term? Finmin reveals

Who will decide ICICI Bank chief Chanda Kochhar's term? Finmin reveals

Tue, Apr 10, 2018

The ongoing investigations will undermine investor confidence in ICICI bank, and have potential implications for funding costs and liquidity in an extreme scenario, it warned, conceding that as a systemically important entity, the state will chip-in with support.

ICICI Bank chief Chanda Kochhar's brother Rajiv quizzed by CBI for 3rd day

ICICI Bank chief Chanda Kochhar's brother Rajiv quizzed by CBI for 3rd day

Sat, Apr 07, 2018

Rajiv Kochhar, the founder of Singapore-based Avista Advisory, appeared at the agency's office in the Bandra Kurla Complex in Mumbai this morning, where he was asked about the role of his company in the restructuring of the loan, officials said. He was asked about the help he extended to Videocon in relation to the loan from ICICI Bank, which was part of a Rs 400-billion credit given by a consortium of 20 banks to the group of Venugopal Dhoot

No reference from SFIO on ICICI Bank matter, says corp affairs secretary

No reference from SFIO on ICICI Bank matter, says corp affairs secretary

Wed, Apr 04, 2018

It is well within the SFIO's ambit to make a reference about a case but there is no such reference currently with the corporate affairs ministry on the issue involving ICICI Bank and Videocon Group, a senior official said today.

ICICI Bank-Videocon case: Disclose majority shareholder's identity, whistleblower to Nupower

ICICI Bank-Videocon case: Disclose majority shareholder's identity, whistleblower to Nupower

Wed, Apr 04, 2018

Supreme Energy Private Ltd owns 10.10 per cent, 0.04 per cent is held by Deepak Kochhar (also founder and CEO of NuPower) and 1.70 per cent by Sunil Bhuta, CFO & Head Corporate Finance of NuPower.

ICICI Bank-Videocon loan case: I-T dept issues notice to Deepak Kochhar

ICICI Bank-Videocon loan case: I-T dept issues notice to Deepak Kochhar

Tue, Apr 03, 2018

According to officials, notice has been issued to Deepak Kochhar under section 131 (power regarding discovery, production of evidence) of the I-T Act and he has been asked to furnish details of his personal finances, Income Tax Returns (ITRs) for the last few years and business transactions with the firm NuPower Renewables. The department, the officials said, has launched a probe into the finances of the company and those associated with it

Who is Deepak Kochhar - the link between ICICI Bank and Videocon?

Who is Deepak Kochhar - the link between ICICI Bank and Videocon?

Mon, Apr 02, 2018

Deepak Kochhar the Founder & CEO of the NuPower Group, has 20 years of entrepreneurial experience in the financial services & renewable energy sector.

Tough days for Chanda Kochhar; ICICI Bank faces investors heat over Rs 3,250 cr Videocon loan

Tough days for Chanda Kochhar; ICICI Bank faces investors heat over Rs 3,250 cr Videocon loan

Mon, Apr 02, 2018

ICICI Bank, which has been led by Chanda Kochhar since 2009, had sanctioned about Rs 3,250 crore to Videocon in 2012.

Chanda Kochhar, ICICI Bank loan row: CBI questions bank officials

Chanda Kochhar, ICICI Bank loan row: CBI questions bank officials

Sat, Mar 31, 2018

CBI officials said they are also studying relevant documents of the transaction and if they come across any evidence that indicates wrongdoing, ICICI Bank MD and CEO Chanda Kochhar, her husband Deepak Kochhar along with others could be summoned for detailed questioning. They said the statements of nodal officers of the ICICI, who were part of processing the loan of about Rs 3,250 crore, have been recorded as part of the PE registered six weeks back

Big setback for Chanda Kochhar's husband, CBI registers PE in ICICI Bank loan case

Big setback for Chanda Kochhar's husband, CBI registers PE in ICICI Bank loan case

Sat, Mar 31, 2018

CBI sources said that Chanda Kochhar, against whom conflict of interest questions have been raised, has not been named in the PE as of now. They said that Deepak Kochhar will soon be called for questioning along with some bank officials. These officials are also likely to include from the banks which were part of the consortium that lent money to the Videocon group

ICICI Bank's exposure in Videocon: Private lender rebuts rumours, says Chanda Kochhar did not sanction loan

ICICI Bank's exposure in Videocon: Private lender rebuts rumours, says Chanda Kochhar did not sanction loan

Thu, Mar 29, 2018

ICICI Bank was not the lead bank for the syndicated consortium management, as it had only sanctioned its share of facilities to about Rs 3,250 crore, which would be less than 10% of the total consortium facility in April 2012.

ICICI Bank board reposes faith in Chanda Kochhar, refutes allegations on Videocon exposure

ICICI Bank board reposes faith in Chanda Kochhar, refutes allegations on Videocon exposure

Wed, Mar 28, 2018

According to ICICI Bank, in 2012 a consortium of over 20 banks and financial institutions sanctioned facilities to the Videocon group (Videocon Industries Ltd and 12 of its subsidiaries/ associates as co-obligors) for a debt consolidation programme and for the group`s oil and gas capital expenditure programme aggregating approximately Rs 40,000 crore. The private lender`s current exposure to the Videocon group was a part of this syndicated consortium arrangement

All eyes on RBI policy review meet; rates likely to remain unchanged

All eyes on RBI policy review meet; rates likely to remain unchanged

Wed, Feb 07, 2018

Rising oil prices and the lingering impact of a rise in house rent allowance, as part of the Seventh Pay Commission’s recommendations, are likely to keep future inflation at the elevated level.

Looking at new growth opportunities in Indian economy: ICICI

Looking at new growth opportunities in Indian economy: ICICI

Wed, Jan 24, 2018

ICICI Bank is looking at new areas of growth opportunities in the Indian economy as new areas are coming up to be tapped post demonetisation and introduction of GST, its chief Chanda Kochhar has said.

Essar Oil-Rosneft deal impact: ICICI Bank's exposure reduces by 50%

Essar Oil-Rosneft deal impact: ICICI Bank's exposure reduces by 50%

Mon, Aug 21, 2017

Essar Oil on Monday completed its deal with Russia's Rosneft. Few banks have large exposure to the Essar Group and with this deal concluded it comes as a sign of relief.

RBI's reduction in risk weight of home loans credit negative for banks

RBI's reduction in risk weight of home loans credit negative for banks

Thu, Jun 15, 2017

RBI's action on risk weightage of home loans is seen as credit negative for Indian banks.

ICICI Bank launches ''Money2India''; Here are its key features

ICICI Bank launches ''Money2India''; Here are its key features

Mon, May 29, 2017

ICICI Bank launched online money transfer service called ''Money2India'' for its NRIs customers.

Chanda Kochhar's per day income of Rs 2.15 lakh; basic salary rose by 15% in FY17

Chanda Kochhar's per day income of Rs 2.15 lakh; basic salary rose by 15% in FY17

Fri, May 26, 2017

Chanda Kochhar's basic salary increased by 15% to Rs 2.67 crore in FY17, the annual report mentioned.

ICICI Bank Q4 result: Here's what to expect

ICICI Bank Q4 result: Here's what to expect

Tue, May 02, 2017

In the previous three quarters, ICICI Bank witnessed continuous decline in net profit, higher provisions, increasing gross non-performing assets which led to significant deterioration in asset quality and muted net interest income (NII) growth.

RBI to soon allow banks to invest in REITs, InvITs; to issue detail guidelines by end of May

RBI to soon allow banks to invest in REITs, InvITs; to issue detail guidelines by end of May

Fri, Apr 07, 2017

The Reserve Bank of India (RBI) will soon allow banks to invest in REITs and InvITs which will boost the country's real estate sector.

Banks should transmit lower cost of funds to customers, experts say

Banks should transmit lower cost of funds to customers, experts say

Thu, Apr 06, 2017

The Reserve Bank of India (RBI) left its benchmark lending rate unchanged at 6.25% today for the third policy review in a row citing upside risk to inflation.

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