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Top related persons:
Chanda Kochhar - 1 Sandeep Bakhshi - 1 Shritama Bose - 1 Blackstone - 1 Aston Martin - 1 Una Galani - 1 Thomas Shum - 1
Top related locs:
MUMBAI Canada
Top related orgs:
ICICI Bank - 1 ICICI Securities - 1 State Bank of India - 1 Twitter - 1 Siemens - 1 Telecom Italia - 1 Vivendi - 1 Thomson - 1

Search resuls for: "Chanda Kochhar"


3 mentions found


☆ ICICI Bank is dealmaking from a place of strength
  + stars: | 2023-06-27 | by ( ) www.reuters.com   time to read: +2 min
The $80 billion ICICI Bank (ICBK.NS) is weighing up a delisting of its broking firm ICICI Securities (ICCI.NS), the news prompted a 10% rally in the shares of the $2.4 billion unit. This time the country’s second largest private sector lender is dealmaking from a position of strength. It was one among a flurry of subsidiary IPOs that battered lenders including State Bank of India (SBI.NS) undertook to generate cash. ICICI Bank was particularly vulnerable, with then CEO Chanda Kochhar battling allegations of dodgy lending to the Videocon group. ICICI Securities trades at roughly 18 times trailing earnings but went public at more than twice that valuation, Centrum Broking calculated at the time.
Persons: Chanda Kochhar, Sandeep Bakhshi, Shritama Bose, Blackstone, Aston Martin, Una Galani, Thomas Shum Organizations: Reuters, ICICI Bank, ICICI Securities, State Bank of India, Twitter, Siemens, Telecom Italia, Vivendi, Thomson Locations: MUMBAI, Canada
☆ India federal police arrests Videocon chairman Dhoot in loan fraud case
  + stars: | 2022-12-26 | by ( ) www.reuters.com   time to read: +1 min
MUMBAI, Dec 26 (Reuters) - India's federal investigating agency has arrested Videocon Group (VEDI.NS) chairman Venugopal Dhoot in connection with a loan fraud case involving ICICI Bank (ICBK.NS), a source from the Central Bureau of Investigation (CBI) told Reuters on Monday. In early 2019, the CBI filed a case of criminal conspiracy and fraud against Dhoot, former ICICI Bank Chief Executive Chanda Kochhar and her husband Deepak Kochhar. The agency alleged that ICICI Bank, under Chanda Kochhar, sanctioned 'high value' loans to Videocon, violating the bank's lending policies, in exchange for an investment by the consumer electronics company's owner in a business headed by Kochhar's husband. The CBI arrested Chanda and Deepak Kochhar on Friday. Reporting by Arpan Chaturvedi; writing by Sudipto Ganguly; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
☆ Former ICICI Bank CEO Chanda Kochhar arrested in loan fraud case -source
  + stars: | 2022-12-23 | by ( ) www.reuters.com   time to read: +1 min
Dec 23 (Reuters) - India's federal investigating agency has arrested former ICICI Bank Ltd (ICBK.NS) Chief Executive Officer Chanda Kochhar in connection with a loan fraud case involving the bank and Videocon Group, a source from the Central Bureau of Investigation (CBI) told Reuters on Friday. Kochhar's husband, Deepak Kochhar, was also arrested as part of the case, according to the source. Kochhar was ousted as ICICI bank's CEO in 2019 following allegations of corruption. Indian enforcement authorities previously alleged that ICICI Bank, under Kochhar, sanctioned "high value" loans to Videocon Industries, violating the bank's lending policies. In exchange, Videocon's owner invested in NuPower Renewables, a company founded by Deepak Kochhar, the authorities have alleged.
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