Topic: Chanda Kochhar

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The board of India’s second-largest private sector bank may meet as early as this week to consider its next course of action.

India’s private banks have had a tough time over the past year, plagued by revelations of hidden bad loans and alleged lapses in corporate governance.

The CEO of ICICI Bank has seen several ups and downs in her 25-year career. But the allegations of conflict of interest could be her toughest challenge yet.

Investors should exercise tremendous caution on corporate lending names until there is complete clarity following a probe in the PNB fraud.