Tag: ICICI Bank

Wipro closes $300mn ICICI Bank deal via Vara Infotech

The bank contract generated Rs 221.5 crore business for Vara in fiscal 2018-19. "The transaction is expected to be completed during the (second) quarter ending September 30 and is subject to customary closing conditions," said the outsourcing firm in the statement.

September 5, 2019

Now, robots count cash in ICICI Bank’s currency chests

These Robots are currently functioning at Mumbai, Sangli, New Delhi, Bengaluru, Mangaluru, Jaipur, Hyderabad, Chandigarh, Bhopal, Raipur, Siliguri and Varanasi.

August 28, 2019

Videocon loan case: Chanda Kochhar skips ED questioning

The case relates to the alleged irregularities and corrupt practices in the sanction of a Rs 1,875-crore loan disbursed by ICICI Bank to the Videocon Group between 2009 and 2011.

June 10, 2019

Chanda Kochhar to appear before Enforcement Directorate on Monday

An independent enquiry conducted by retired Supreme Court judge BN Srikrishna indicted Kochhar for violation of bank’s code of conduct and conflict of interest duties in the case.

June 8, 2019

Sensex, Nifty open lower on weak domestic, global cues

In Asia, all leading bourses witnessed mild to heavy sell-offs on Tuesday after US-China trade war further intensified. In a retaliatory move, China on Monday said it would raise tariffs on US goods worth nearly USD 60 billion.

May 14, 2019

Videocon case | Ex-ICICI CEO Chanda Kochhar, husband questioned by ED in Delhi

The case is related to the alleged irregularities and corrupt practices in the sanction of a Rs 1,875 crore loan disbursed by ICICI Bank to the Videocon Group during 2009 and 2011.

May 13, 2019

Sensex recovers over 200 pts in early trade

The 30-share index was trading 169.69 points, or 0.44 per cent, higher at 38,770.03. Similarly, the broader NSE Nifty was up 38.70 points, or 0.33 per cent, at 11,636.95.

May 7, 2019

Nifty crosses 11,800 for first time ever, Sensex soars over 400 points

ICICI Bank, Tata Consultancy Services, HDFC Bank, Reliance Industries and Larsen & Toubro led the rally on the Sensex chart.

April 16, 2019

Banks, others may lose Rs over Rs 90,000 crore as Videocon sinks

The two main group companies - Videocon Industries Ltd (VIL) and Videocon Telecommunication Ltd. (VTL) - owe Rs.59,451.87 crore and Rs.26,673.81 crore, respectively or a staggering Rs.86,125.68 crore to Indian banks, led by the State Bank of India (SBI).

April 4, 2019

Sensex touches record high, crosses 39,000 points on first day of new financial year

The NSE benchmark Nifty50 also witnessed strong gains and crossed the 11,710-mark.

April 1, 2019

ICICI-Videocon case: ED raids homes of Chanda Kochhar, Venugopal Dhoot

Kochhar is accused of "sanctioning loans to private companies in a criminal conspiracy with other accused to cheat the ICICI Bank".

March 1, 2019

CBI books ex-ICICI CEO Chanda Kochhar, husband, others in Videocon loan case

Chanda Kochhar stepped down in October last year after she was accused of conflicts of interest, lack of disclosures and quid pro quo while extending loans to the now-bankrupt Videocon Industries.

January 24, 2019

RBI approves appointment of Sandeep Bakshi as ICICI Bank MD, CEO

Facing inquiry over the charges of nepotism and conflict of interest, ICICI Bank's former MD and CEO Chanda Kochhar had quit the bank on October 4, six months before her current tenure was to end.

October 16, 2018

Chanda Kochhar quits as ICICI Bank CEO; Sandeep Bakhshi to take over

Sandeep Bakhshi's appointment will be for a period of five years until October 3, 2023, subject to various approvals.

October 4, 2018

ICICI Bank responds, seeks settlement through consent: SEBI

Currently, former Supreme Court judge B.N. Srikrishna (Retd) is heading an independent enquiry into the allegations.

September 18, 2018

Watch | ICICI Bank ad for Manchester United credit card cringeworthy, say fans

Mixing sanskaar with dabbing isn't the brightest idea ever and the video has gone viral, for all the wrong reasons. 

August 24, 2018

Gujarat firm’s promoters held in Rs 2654 crore bank fraud

The Central Bureau of Investigation (CBI) Wednesday arrested the promotor-founder, managing director and joint managing director of a Vadodara-based firm for allegedly defrauding a consortium of 11 banks, public as well as private, of Rs 2654.40 crore. The CBI identified the accused promoters and directors of this firm, Diamond Power Infrastructure Limited, as Suresh Narain …

Continue reading "Gujarat firm’s promoters held in Rs 2654 crore bank fraud"

April 19, 2018