Shareholders are demanding that the ICICI Bank board explain why it has given Chanda Kochhar a clean chit in the Videocon loan case without first ordering an independent probe. Sharma, explain why it has given Kochhar a clean chit without first ordering an independent probe. On 28 March, the ICICI Bank board issued a statement reposing its confidence in the corporate governance of the lender and the integrity of Kochhar. “Clarifications have been provided to Sebi with regard to the reports that have appeared in media,” said an ICICI Bank spokesperson. The board was aware of it and after considering the information, the board supported the bank’s head and its management.

Source: Mint April 12, 2018 16:30 UTC