ICICI Bank board denied reports of asking CEO Chanda Kochhar to go on leave till the investigation of her alleged role in Videocon loan case gets over. However, denying the report, an ICICI Bank spokesperson said, "the ICICI Bank Board denies having asked Ms. Chanda Kochhar to go on leave. ICICI Bank Ltd said on Wednesday it will institute an inquiry into the allegations raised by an anonymous whistleblower against Chief Executive Chanda Kochhar. The shadow of Videocon loan case has been casted over Chanda Kochhar's appointment as Chief Executive Officer of ICICI Bank. ICICI Bank board also reviewed the bank's internal processes for credit approval and found them robust, the private sector lender said in a regulatory filing.

Source: dna June 01, 2018 04:35 UTC