Why was Chanda Kochhar removed from ICICI Bank?
In May 2018, the bank had initiated an inquiry against Kochhar following a complaint about her alleged role in granting out of turn loans worth Rs 3,250 crore to the Videocon Group, which benefitted her husband Deepak Kochhar. Kochhar went on leave thereafter and later applied for early retirement, which was accepted.11-Nov-2022
Kochhar's arguments The bank could not have terminated a person who had already retired, the application said. The benefits granted to her, unconditionally, included employee stock options that were exercisable till 2028. But the court wasn't convinced by Kochhar's arguments.11-Nov-2022
Which bank was Chanda Kochhar?
Mumbai: The Bombay High Court on Thursday held former chief executive officer (CEO) of ICICI Bank Chanda Kochhar's retrospective termination from the bank as prima facie “valid termination".10-Nov-2022
Chanda Kochhar
Who got accused in ICICI Bank poor governance case?
The book value of the attached assets was ₹78 crore according to ED. Chanda Kochhar was granted bail by the special PMLA court in February following her appearance before the court and honouring the summons issued against her.
Her father was a known figure in Jaipur and was a principal at an engineering college. The name of her father is Prof. Roopchand Advani. She was a brilliant student and dreaming of becoming an IAS officer.
Who is the highest paid CEO of Indian banks currently?
Amitabh Chaudhry of Axis Bank was the highest paid managing director and chief executive officer among bankers in fiscal 2022, according to reports.12-Aug-2022
ICICI provides job security like no other. Good place to learn and grow. The Bosses are sometimes bossy but if you can put in the hard yards you will easily survive here.
Who owns ICICI Bank?
ICICI Bank Limited
Top 10 Owners of ICICI Bank Ltd
When did Chanda Kochhar join ICICI Bank?
1984
Pursuant to the merger of SCICI into ICICI, we became a wholly owned subsidiary of ICICI. The chronology of events since we were incorporated in 1994 is as follows: Change of name Our name was changed from ICICI Banking Corporation Limited to ICICI Bank Limited on September 10, 1999.
Who is the first lady in banking in India?
She is the first woman to be the Chairperson of State Bank of India. In 2016, she was listed as the 25th most powerful woman in the world by Forbes.
See how Anna Bissell became a successful businesswoman in an era where business was almost wholly a masculine field.
Who was the first woman appointed CEO?
Katharine Graham made history after becoming the first female CEO of a Fortune 500 company. Graham began working at the Washington Post in 1938 and led the paper from 1963 until 1991.08-Nov-2022
On March 25, ICICI Bank customers complained about technical issues with the bank's internet banking platform and mobile app. Customers of ICICI Bank were unable to access these platforms, and many took to social media to complain. Customers of ICICI Direct also reported issues with the online and mobile platforms.25-Mar-2022
Who cheated banks in India?
Pulling off one of the biggest bank frauds in the country, fugitive diamantaire Nirav Modi and his uncle Mehul Choksi created a complex web of deception through fraudulent Letters of Undertaking (LoUs) to siphon off ₹ 14,000 crore from state-owned Punjab National Bank in connivance with some bank officials.09-Nov-2022
The official admitted that while the Bank has asked its employees to join back to their base locations, no decision has been taken to terminate its employees if they fail to do so.07-Jul-2020
What is the salary of Chanda Kochhar?
Chanda Kochhar earns an estimated salary of Rs 5.5 crore Per Year.06-Jan-2022
Advani (Sindhi: آدواڻي) is a surname found among Sindhis. Advani is most commonly used to refer to Lal Krishna Advani, former Deputy Prime Minister of India, and Kiara Advani, a Bollywood actress also known as Alia Advani.
Who replaced Chanda Kochhar?
Sandeep Bakshi is an ICICI veteran who has spent over 30 years with the financial behemoth. Bakhshi joined ICICI in 1986 at a time when it was just a development financial institution.04-Oct-2018
Why was Chanda Kochhar removed from ICICI Bank?