NIFTY 50

Chanda Kochhar dominates ICICI Bank annual general meeting

Updated : September 14, 2018 06:42 AM IST

Kochhar is on an indefinite leave since June amid allegations of impropriety and 'quid pro quo' involving her and family members with respect to a loan extended to Videocon Industries by the lender.
Many shareholders also spoke against the core issue of sanctioning loans to the Venugopal Dhoot-run Videocon Industries, which is currently facing bankruptcy proceedings.
Many shareholders also sought stern action from the bank on any misdoings on the part of Kochhar, while some also called for a restructuring of the top leadership given the allegations and questioned the board for initially backing Kochhar.
Chanda Kochhar dominates ICICI Bank annual general meeting
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