STOCK MARKET BSE NSE

Sebi yet to receive reply from ICICI Bank on Chanda Kochhar issue: Ajay Tyagi

The cases under scanner include the bank's Rs 3,250 crore loan to Videocon Group in 2012 and the involvement of Kochhar family members in restructuring of the loan.

Published: 21st June 2018 05:36 PM  |   Last Updated: 21st June 2018 05:36 PM   |  A+A-

ICICI CEO Chanda Kochhar. (Photo | Reuters)

By PTI

MUMBAI: Sebi Chairman Ajay Tyagi today said the regulator is yet to receive reply from the ICICI Bank on allegations involving its CEO Chanda Kochhar.

Besides Sebi, various other agencies, including the CBI, are looking into alleged lapses involving Kochhar and her family members with respect to loans extended by the lender to certain entities, including the Videocon group.

"We are yet to receive reply from the ICICI Bank," Tyagi said while briefing reporters after Sebi board meeting here.

The cases under scanner include the bank's Rs 3,250 crore loan to Videocon Group in 2012 and the involvement of Kochhar family members in restructuring of the loan.

Kochhar and her family members are facing allegations of quid pro quo and conflict of interest with respect to a loan extended to certain entities.

On Monday, the ICICI Bank announced that Kochhar has decided to go on leave till the completion of an external enquiry into alleged conflict of interest in extending loans to some corporates like Videocon and named Sandeep Bakhshi as the chief operating officer.

More from Business.

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp