• SENSEX
    NIFTY 50
Finance

Reserve Bank steps up ICICI Bank probe after whistleblower complaints, says report

Updated : June 26, 2018 09:48 AM IST

The Reserve Bank of India (RBI) initiated a second probe into the affairs of ICICI Bank on March 25 within days after the whistleblower complaint for allegedly delaying provisioning for stressed loans, among other malpractices, Mint reported.
The first probe by the central bank was initiated in 2016 after another whistleblower alleged a conflict of interest in Chanda Kochhar, the chief executive of the bank's, dealings and had concluded that the allegation  “could not be conclusively established.”
Kochhar is currently on indefinite leave till the probe proceedings end.
Reserve Bank steps up ICICI Bank probe after whistleblower complaints, says report
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV