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Tue, Nov 20, 2018 | Last Updated 1:26 am IST

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Why ICICI probing complaint against its CEO?

Why ICICI probing complaint against its CEO?
Why ICICI probing complaint against its CEO?
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Mumbai sources made a statement that according to sources ICICI Bank Ltd said on Wednesday it will institute an inquiry into the allegations raised by an anonymous whistle blower against Chief Executive Chanda Kochhar.  Chanda Kochhar had rendered in numerous operations for the service of the bank and her accomplishments are been wondered by many people of the country.



Accordingly ICICI, country's third biggest lender by assets, said the probe, headed by an independent person, would examine allegations that the chief executive did not adhere to provisions relating to the bank's code of conduct and whether her actions involved "conflict of interest".

Why ICICI probing complaint against its CEO?

Presently the bank is battling allegations that Kochhar allegedly favored Videocon Group in its lending practices. Videocon's founders had an investment in a renewable energy company founded by Kochhar's husband. Moreover as per report the bank has backed Kochhar, calling the rumors "malicious and unfounded".

Why ICICI probing complaint against its CEO?

Why ICICI probing complaint against its CEO?
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