ED to widen probe in ICICI Bank-Videocon loan fraud case; Chanda Kochhar to be grilled again
Posted on 8th June 2019 |
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The ED is set to expand its probe in the ICICI Bank-Videocon money laundering case and may soon question some officials of the bank, besides grilling its former CEO Chanda Kochhar again, officials said Thursday. The Enforcement Directorate (ED) had last month questioned and recorded the statements of Chanda Kochhar and her husband Deepak Kochhar over multiple sessions. |
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ED to widen probe in ICICI Bank-Videocon loan fraud case; Chanda Kochhar to be grilled again
Posted on 7th June 2019 |
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The ED is set to expand its probe in the ICICI Bank-Videocon money laundering case and may soon question some officials of the bank, besides grilling its former CEO Chanda Kochhar again, officials said Thursday. The Enforcement Directorate (ED) had last month questioned and recorded the statements of Chanda Kochhar and her husband Deepak Kochhar over multiple sessions. |
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NCLT orders CIRP against Marg on ICICI Bank plea
Posted on 30th May 2019 |
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The Chennai Bench of the National Company Law Tribunal (NCLT) has ordered initiation of the corporate insolvency and resolution process (CIRP) against Chennai-based infrastructure company Marg, the original promoter of the Karaikal Port. The insolvency proceeding was ordered against the company, which was into a number infra projects including airport and metro in its hey days, on a petition filed by ICICI Bank, alleging a default of `71.69 crore. |
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ICICI Prudential Sadvings Fund's 75-80% exposure is in AAA-rated securities
Posted on 20th May 2019 |
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Rohan Maru is the lead manager of the fund and he started managing it in September 2013. Maru has eight years of experience in the daily cash management and liquidity analysis of fixed income funds. Rahul Goswami continues as co-manager. His role here involves overseeing the investment process and contributing to a macroeconomic view. |
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ICICI-Videocon loan case: Chanda Kochhar, husband appear before ED again
Posted on 15th May 2019 |
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Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar were grilled for the second consecutive day by Enforcement Directorate sleuths in connection with the Videocon Group bank loan case. The couple was grilled for eight hours on Monday as well. On Tuesday morning, they appeared again at the agency headquarters. |
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ICICI Bank-Videocon loan case: Chanda Kochhar appears before ED
Posted on 13th May 2019 |
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Former ICICI Bank CEO Chanda Kochhar Monday appeared before the ED in connection with an alleged bank loan fraud and money laundering case registered against her. Kochhar arrived before the Enforcement Directorate’s office here in Khan Market shortly before her scheduled appearance time of 11 am, official sources said. Sources said Kochhar is required to assist the investigating officer of the case in taking the probe forward and her statement will be recorded under the Prevention of Money Laundering Act (PMLA). |
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ICICI Bank rises over 3% after Goldman Sachs hikes target price on stock
Posted on 16th April 2019 |
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ICICI Bank shares rose over 3 per cent in intra-day trade on the BSE, marking their biggest intraday per cent gain since March 12, after global financial firm Goldman Sachs hiked the target price on the stock. Goldman Sachs raised the price target on the stock to Rs 492 from Rs 451 and maintained 'buy' rating, saying that ICICI Bank's strong deposit franchise, lower cost of funds put the company at an advantage, a media report said. |
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Flipkart India's most preferred workplace; Amazon, Oyo come next: LinkedIn
Posted on 3rd April 2019 |
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Walmart-owned Flipkart is the most preferred workplace in India, followed by Amazon and Oyo in the second and third places, respectively, according to a list compiled by professional social media network LinkedIn. Internet companies dominate the top 10 spots in LinkedIn's fourth edition of the '2019 Top Companies' list for India. |
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SC quashes RBI insolvency circular, relief for power assets worth Rs 2-trn
Posted on 2nd April 2019 |
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The Supreme Court (SC) on Monday provided a huge relief to thermal power projects worth Rs 2 trillion that were facing the threat of insolvency. The apex court held a 12 February 2018 circular of the Reserve Bank of India (RBI), which ordered banks to classify companies as 'stressed' if they default on loans even for a day, to be 'ultra vires'. The SC said that the circular that applied to numerous defaulting assets in power, sugar, shipping and companies in other sectors to be beyond the RBI's legal powers. A detailed copy of the judgement is awaited. |
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ICICI Bank expects outstanding home loan book at Rs 2L crore by March 2020
Posted on 29th March 2019 |
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With no visible signs of distress in its retail portfolio as of now, private lender ICICI Bank expects to grow its outstanding home loan book to Rs 2 lakh crore by March 2020, from Rs 1.7 lakh crore currently. ICICI Bank, one of the largest mortgage players among private banks, has repeatedly maintained that outreach to tier II, III cities and micro-markets, along with focus on affordable housing and digitisation, has been key to growth in its portfolio. |
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