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".
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".
Hyderabad youngsters stranded in Malaysia Hyderabad sources added that five youngsters from the city who were sent to Malaysia by two manpower consultancy agencies were left stranded there, following which their parents appealed to the ministry of external affairs for help on Friday. Meanwhile MBT Leader Amjedullah Khan said that the
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