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economy | IST

RBI says no clean chit yet for ICICI Bank, Chanda Kochhar: report

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The Reserve Bank of India has indicated that it has not yet given a clean chit to ICICI Bank, and its MD and CEO Chanda Kochhar, on the issue of conflict of interest, quid pro quo and corporate governance violations while extending loans, reported The Indian Express.

The Reserve Bank of India has indicated that it has not yet given a clean chit to ICICI Bank, and its MD and CEO Chanda Kochhar, on the issue of conflict of interest, quid pro quo and corporate governance violations while extending loans, reported The Indian Express.
Responding to a query from The Indian Express under the Right To Information (RTI) Act on the action taken against ICICI Bank and Chanda Kochhar, the central bank said: “RBI is engaged with ICICI Bank in the matter and investigations by external agencies in the matter have not attained finality. As such, the disclosure at this stage of information sought is likely to harm the competitive position of the bank and may also impede the process of investigation.”