more-inThe decision of the board of ICICI Bank is welcome but there will always be questions about the credibility of the inquiry panel that is being constituted by the audit committee of the very company whose CEO has charges levelled against her (“ICICI Bank to inquire into allegations against Kochhar”, May 31). The bank has to do much more to regain trust. It would only be fair if a representative from either SEBI or the RBI is co-opted, so that there are no reservations on the findings of the committee. Meanwhile, Chanda Kochhar should consider relinquishing the post of CEO until the inquiry panel publishes its findings, so that charges of influencing the inquiry panel can be nipped in the bud. V. Subramanian,Chennai

Source: The Hindu May 31, 2018 20:03 UTC