‘I am not surprised that hubris brought Chanda Kochhar down. It would appear that as a person she thought she could do no wrong and as a leader she considered herself above what her company demanded of others in terms of financial probity and honesty. That, my friends, is NOT a good way for a leader to feel,’ says S Muraleedharan, former managing director, BNP Paribas.
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Tag: ICICI
Kochhar case: CBI stands vindicated, say officials
The FIR also said chairman of New Development Bank K V Kamath, Goldman Sachs India chairman Sonjoy Chatterjee, Standard Chartered Bank CEO Zarin Daruwala, Tata Capital head Rajiv Sabharwal and Tata Capital senior advisor Homi Khusrokhan need to be investigated.
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Sensex crashes over 368 points; financial stocks a top drag
Among the Sensex losers, Yes Bank tumbled 5.46 per cent, followed by Bajaj Finance 5.40, ICICI Bank 3.82 per cent, IndusInd Bank 3.10 per cent and HeromotoCorp 2.55 per cent.
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CBI transfers officer probing case against Chanda Kochhar
Justifying the transfer, the CBI pinned the blame on Mishra for keeping the preliminary enquiry pending without any reasons, they said.
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Jaitley targets CBI over Kochhar probe
One of the reasons why conviction rates in India are poor is that “adventurism and megalomania overtakes our investigators and professionalism takes a back seat,” Jaitley said on Twitter.
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New eco advisor called note ban 'revolutionary'
Krishnamurthy Subramanian had also claimed that the perception of the poor suffering because of the note ban was overblown by the Opposition.
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Chanda Kochhar resigns from ICICI Bank with immediate effect
The board has decided to appoint Sandeep Bakhshi as managing director and chief executive officer.
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Why LIC buying 30% of IDBI Bank is bad news
‘LIC’s proposed investment will come out of what is technically called the ‘policyholders funds’.’
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REVEALED: What went wrong with bank loans
‘Flush with funds, lending became a cash management exercise.’
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E-toll collection on highways hits the fast lane
The project, anchored by National Highways Authority of India in partnership with National Payments Corporation of India, is gaining momentum, with big banks such as ICICI and non-bank entities like Paytm have also entered the arena.
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