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RBI approves reappointment of Sandeep Bakhshi as ICICI Bank MD for 3 years
The reappointment of Bakhshi will be effective from October 4, 2023, till October 3, 2026, ICICI Bank said in a regulatory filing.
Published on Sep 11, 2023 08:02 PM IST
PTI | | Posted by Sreelakshmi B
₹1,033 cr due from Videocon Group not wrongful loss: Bank
ICICI Bank granted six loans to Videocon group companies between June 2009 to October 2011. Later, these loans were restructured by a fresh loan of ₹1,730 crore. The account of Videocon was declared NPA on June 30, 2017, with an outstanding of ₹1,033 crores, the CBI chargesheet stated
Updated on Aug 06, 2023 12:33 AM IST
Chanda Kochhar, husband appear before special CBI court
Chanda Kochhar, former MD and CEO of ICICI Bank, and her husband Deepak Kochhar appeared before a special CBI court in connection with a loan fraud case involving Videocon Group.
Updated on Aug 03, 2023 12:52 AM IST
ICICI bank reports 40% rise in Q1 net profit to ₹9,648 crore
ICICI Bank reported a 40% rise in net profit for the June 2023 quarter, aided by a decline in bad loans and an improvement in interest income.
Published on Jul 22, 2023 05:07 PM IST
PTI | | Posted by Singh Rahul Sunilkumar
Videocon loan fraud case: Enough material to proceed against accused, says court
The CBI had in January 2019 registered a case to probe the alleged irregularities in granting rupee term loans (RTLs) of ₹1,875 crore to the six firms when Chanda Kochhar was the bank’s managing director (MD) and CEO
Updated on Jul 16, 2023 04:05 PM IST
ICICI Bank sanctioned ₹300-crore loan to Videocon Group company when it had no cash flow: CBI
ICICI Bank granted a ?300 crore loan to Videocon International Electronics Limited in 2009 when the company had "no operating activity and no cash flow," according to the Central Bureau of Investigation (CBI). The loan was given against guarantees from Videocon Industries, despite the holding company being debt-ridden. Charges have been filed against former ICICI Bank CEO Chanda Kochhar and others for alleged irregularities in granting loans to Videocon Group companies. The CBI claims that the Kochhars received kickbacks and a discounted flat in exchange for the loans.
Updated on Jul 13, 2023 12:43 AM IST
Charul Shah, Mumbai
Kochhars got flat in Churchgate in 2016 for just ₹11 lakh: CBI to court
Former ICICI Bank CEO Chanda Kochhar misused her position to grant loans to ineligible Videocon Group firms, according to the Central Bureau of Investigation. Kochhar, her husband and the group's promoter have been charged with corruption. The prosecutor argued Kochhar accepted a $64m gratuity and that the family benefited from the transfer of a flat in Mumbai's Churchgate area, owned by Videocon, for just $15,000. Kochhar was a member of the loan committee that approved loans of $40m to Videocon from ICICI Bank, the charges allege.
Updated on Jun 27, 2023 08:06 AM IST
Armed robber loot ₹18.75 lakh from ICICI bank in Bihar’s East Champaran: Police
This is the second loot to take place in ICICI bank in the East Champaran district in the past few months. On April 12, five armed robbers looted about ₹48 lakh from an ICICI bank located in the main market area of Chakia in East Champaran
Updated on Jun 22, 2023 08:13 PM IST
Videocon loans fraud case: ICICI Bank grants CBI sanction to prosecute Chanda Kochhar
The Central Bureau of Investigation (CBI) on Wednesday informed a special court that ICICI Bank had granted the agency sanction to prosecute its former managing director and chief executive officer Chanda Kochhar in connection with a case of alleged irregularities in granting loans to six of Videocon Group firms promoted by Venugopal Dhoot.
Updated on Jun 08, 2023 01:26 AM IST
Charul Shah, Mumbai
ICICI Bank commits ₹1,200 crore to Tata Memorial Centre
ICICI Bank has pledged INR12bn ($160m) to the Tata Memorial Centre (TMC) to establish three cancer care facilities in India. The bank's contribution, which comes from its corporate social responsibility fund, will create new buildings with a combined area of 7.5 lakh square feet at centres in Navi Mumbai, Mullanpur and Visakhapatnam. These will double the number of patients TMC is able to treat annually to 25,000. ICICI Foundation will also set up an 'ICICI Radiation Oncology Block' at TMC's Advanced Centre for Treatment, Research and Education in Cancer in Navi Mumbai.
Updated on Jun 03, 2023 01:17 AM IST
Mayur Bhalerao
Lucknow airport introduces FASTag parking
The airport has introduced this upgraded solution for passengers who come to see off their families, and those coming to the airport to pick up travellers.
Updated on May 30, 2023 07:11 PM IST
HT Correspondent, Lucknow
HC denies anticipatory bail to former ICICI Bank staffer
The Bombay high court recently rejected the anticipatory bail application of a former branch manager of ICICI Bank who was booked in 2020 for siphoning off ₹18
Updated on May 16, 2023 07:43 PM IST
K A Y Dodhiya
IndusInd Bank's Q4 profit jumps 50% to ₹20.41 billion
Loan demand for many Indian banks have seen double-digit growth even as the country's central bank persistently raised interest rates.
Published on Apr 24, 2023 04:33 PM IST
Reuters |
ICICI Bank Q4 consolidated net up by 27% to ₹9,852.7 cr
ICICI Bank total income moved up to ₹36,108.88 crore in the reporting quarter, as against ₹27,412.32 crore in the year-ago period.
Published on Apr 22, 2023 04:37 PM IST
PTI | | Posted by Singh Rahul Sunilkumar
ICICI Bank customers, now make UPI payments in monthly instalments
ICICI is the first bank in the country to begin EMI facility for UPI payments for its customers.
Published on Apr 12, 2023 12:08 PM IST
HT News Desk, New Delhi
His colleagues go to refill Bihar ATM, cash van driver flees with ₹1.5 crore
For now, the Patna police are questioning four colleagues of the cash van driver, Suraj Kumar, for information that could lead them to find him
Updated on Apr 11, 2023 03:35 PM IST
Mukesh Kumar Mishra
ICICI Bank loan fraud case: CBI files charge sheet against Kochhars, Dhoot
Apart from the Kochhars and Dhoot, the others charged by the federal investigation agency include a relative of Dhoot and a chartered accountant.
Updated on Apr 08, 2023 12:40 AM IST
Charul Shah, Mumbai
ICICI bank case: Jail officials fail to take Dhoot’s sign on bail bond, court seeks explanation
A special CBI court issued a show cause notice to the superintendent of Arthur Road jail for failing to take the signature of businessman Venugopal Dhoot on his personal bond and cash bail when he was released on bail. Dhoot was arrested on December 26 in connection with a loan fraud case.
Updated on Apr 06, 2023 12:03 AM IST
CBI studies 53 financial frauds to identify preventive measures
Apart from cases involving Harshad Mehta, Mehul Choksi and Nirav Modi, the agency studied bank frauds involving former liquor baron Vijay Mallya, diamond merchant Jatin Mehta
Updated on Apr 05, 2023 12:24 AM IST
Neeraj Chauhan, New Delhi
Company MD booked for abetment of SBI branch manager’s suicide
Managing director of a private company in Mumbai has been booked for allegedly abetting suicide of a State Bank of India branch manager. The deceased had left a suicide note claiming that he was forced to end his life because of the MD who had taken a loan of ?8.49 crore from ICICI Bank.
Updated on Apr 02, 2023 12:26 AM IST
Vijay Kumar Yadav
ICICI Bank, SBI and HDFC Bank revise fixed deposit interest rates: Report
The ICICI bank, State Bank of India and HDFC bank have raised interest rates on fixed deposits.
Published on Feb 24, 2023 04:51 PM IST
HT News Desk | Written by Aryan Prakash
ICICI Bank Q3 result: Profit up by 34% to ₹8,312 crore
ICICI Bank's total income increased to ₹33,529 crore in the latest December quarter from ₹27,069 crore in the year-ago period, the bank said in a regulatory filing.
Updated on Jan 21, 2023 04:47 PM IST
PTI | | Posted by Singh Rahul Sunilkumar
Chanda Kochhar, husband freed from jail in ICICI Bank-Videocon loan fraud case
Chanda Kochhar bail: Bombay HC ruled the arrest of the ex ICICI Bank CEO and MD, and her husband, was not legal.
Updated on Jan 10, 2023 11:56 AM IST
Decoding ICICI-Videocon loan fraud case in which Chanda Kochhar was arrested
Having joined the private bank as a management trainee in 1984, Chanda Kochhar rose to become the first woman to head a large bank in the country in 2009, having succeeded the then group chairman KV Kamath.
Published on Jan 09, 2023 01:53 PM IST
HT News Desk | Written by Aryan Prakash
Chanda Kochhar and husband - arrested in Videocon loan fraud case - to be freed
ICICI Bank Videocon Loan Fraud Case: The couple had earlier sought interim release account of the wedding of their only son, which is scheduled for January 15, and cancellation of remand.
Updated on Jan 09, 2023 12:33 PM IST
Custody of Chanda Kochhar, her husband & Videocon's Dhoot extended till Dec 29
The Kochhars and Dhoot were arrested last week in a case pertaining to alleged irregularities and corrupt practices in the sanction of six loans worth ₹1,875 given by ICICI Bank to the Videocon Group between 2009 and 2011.
Updated on Dec 28, 2022 02:40 PM IST
HT News Desk, New Delhi
CBI arrests Videocon Group's Venugopal Dhoot in ICICI Bank fraud case
Former ICICI Bank CEO Chanda Kochhar was arrested last week.
Published on Dec 26, 2022 11:32 AM IST
Chanda Kochhar, husband sent to 3-day CBI custody in Videocon loan case
The CBI arrested the couple on Friday in connection with alleged cheating and irregularities in loans sanctioned by the bank to Videocon Group companies.
Updated on Dec 24, 2022 04:05 PM IST
Aniruddha Dhar, New Delhi
CBI arrests ICICI ex-CEO Chanda Kochhar, husband in Videocon loan fraud case
Chanda Kochhar was accused of misusing her position to grant crores of loans to Videocon and the money allegedly got transferred to a company allegedly co-owned by her husband Deepak Kochhar.
Published on Dec 23, 2022 09:39 PM IST
After HDFC Bank and SBI, ICICI Bank revises interest rates for Fixed deposits
With effect from today, the ICICI Bank's interest rates on deposits from 46 days to ten years have been hiked by up to 60 basis points.
Published on Dec 16, 2022 04:40 PM IST
HT News Desk | Written by Aryan Prakash
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