The CBI is conducting a full blown investigation into the case which centres around NuPower Renewables, a company operated by Deepak Kochhar, ICICI Bank's former CEO Chanda Kochhar's husband.
SBI’s shares surged to a six-week high after it reported a record loss on Tuesday, after a similar contrarian market reaction by ICICI Bank Ltd. and Axis Bank Ltd. reported poorer-than-expected earnings.
Chanda Kochhar showed a lack of judgment in not recusing herself from the committee that cleared the loan to Videocon. ICICI, with a history of prior bank runs, can't afford a leader who's in the news for all the wrong reasons.
Xi won’t be walking away from Europe with a win in hand, but his visit will almost certainly ignite arguments about the continent’s geopolitical future.
Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
Very unfortunate. K V Kamath was a large hearted man, someone who groomed not one but a whole batch of potential successors. So it was surprising, and not good for the institution, when the appointment of Ms Chanda Kochhar as CEO led to all of them leaving. One cannot recall, offhand, the name of the man who has replaced her, although he worked with her throughout her tenure. Whether it was her dress sense or her persona, for a decade it was something like India is Indira and Indira is India. The stock has underperformed its peers, ICICI Bank has had a much larger NPA problem than HDFC Bank. For about two years, the complaint which ultimately felled her was lying unattended in a host of important offices, each of which had the power and authority to take things to a swift, logical conclusion.
Very unfortunate. K V Kamath was a large hearted man, someone who groomed not one but a whole batch of potential successors. So it was surprising, and not good for the institution, when the appointment of Ms Chanda Kochhar as CEO led to all of them leaving. One cannot recall, offhand, the name of the man who has replaced her, although he worked with her throughout her tenure. Whether it was her dress sense or her persona, for a decade it was something like India is Indira and Indira is India. The stock has underperformed its peers, ICICI Bank has had a much larger NPA problem than HDFC Bank. For about two years, the complaint which ultimately felled her was lying unattended in a host of important offices, each of which had the power and authority to take things to a swift, logical conclusion.