ICICI Bank board to meet on Monday, may discuss Chanda Kochhar loan issue

May 06, 2018 13:19

The board of ICICI Bank, which will meet on Monday for approving the annual earnings of 2017-18, may see some discussion on the allegations of conflict of interest against the lenders CEO Chanda Kochhar, sources said.

There are series of allegations of impropriety in ICICI Bank extending loans to some companies and enjoying reciprocal benefits.

It is alleged that family members Kochhar, including her husband Deepak Kochhar, got financial favours from the borrowers against the loans sanctioned by the bank.

The issue is being investigated by multiple agencies including CBI, Income Tax Department.

Amid controversy of alleged conflict of interest involving ICICI Bank and its CEO, former Sebi chief M Damodaran has said one option is for her to step down for a period of three or four months till the investigation is completed.

« Back to LIVE

TOP STORIES

PBKS not out of play-off race yet: Harshal

The pacer praised Prabhsimran Singh and Shashank Singh for helping PBKS recovering in the second inning after losing two quick wickets.

In Pictures - Narine fires KKR past LSG and to the top of IPL

Images from Sunday's IPL match between Kolkata Knight Riders and Lucknow Super Giants, in Lucknow.

Campaigning ends for third phase, high stakes for BJP

The stakes are significant for the BJP in this round as the party had in 2019 won an overwhelming majority of these seats, including all in Gujarat, Chhattisgarh, Bihar and Madhya Pradesh, that will go to polls on May 7.

In Pictures - Liverpool back on track with win over Spurs

A summary of Sunday's action in the Premier League.

Kangana's gaffe, slams 'Tejasvi Surya' in poll speech

Addressing a gathering in the Sundernagar area of Himachal Pradesh's Mandi on Friday, Ranaut -- the BJP candidate from the Mandi Lok Sabha seat -- while referring to the Indian National Developmental Inclusive Alliance (INDIA), said the...