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Sebi added ICICI sought consent mechanism, which allows wrongdoers to settle pending matters without accepting or denying guilt.
Kochhar has been away from office following an enquiry initiated under the retired Supreme Court judge BN Srikrishna late May but continues to hold onto her position as the managing director & CEO.
While Institutional Investor Advisory Services recommend investors to vote against the proposal, another firm Stakeholders Empowerment Services is against the move.
Agencies such as CBI and SEBI are already probing the alleged lapses involving Kochhar and her family members.
It has been alleged that her family members, including her husband Deepak Kochhar, got financial favours from the borrowers against the loans sanctioned by the bank.
ICICI Bank on Wednesday confirmed that the US Securities Exchange Commission’s (SEC) information requests regarding the private lender’s loan impairment provisions.
As the controversy grabbed headlines, the board had in early June asked Kochhar to proceed on leave till an external enquiry panel headed by retired Supreme Court judge BN Srikrishna was complete.
The complainant, N Swarajya Lakshmi of KPHB Colony, was awarded compensation along with refund from ICICI Bank.
ICICI Bank's asset quality deteriorated, with gross non-performing assets (NPAs) or bad loans widening to 8.81 per cent of the gross advances as on June 30.
As a first, ICICI Bank and Westpac have partnered with La Trobe University, one of the well-known universities in Australia, for this initiative.
Currently, home loans comprise half of the bank’s overall retail loan portfolio of around Rs 3 lakh crore.
In a bid to digitize the mortgage eco-system, the bank has enabled housing developers to obtain online approvals for their projects which has led to the bank approving 2000 new projects online.
The Centre is already planning to finalise the acquisition of state-owned IDBI Bank by Life Insurance Corporation of India in three-four months.
Sources said, though there are no signs of a challenge in filling up the vacancies yet, bankers are certainly giving a serious thought to the offers being put on the table.
ICICI Bank is under the scanner of various regulatory agencies for alleged conflict of interest involving its CEO Chanda Kochhar and her family members in extending loans to some corporates.