Mumbai sources made a statement that according to sources ICICI Bank Ltd said on Wednesday it will institute an inquiry into the allegations raised by an anonymous whistle blower against Chief Executive Chanda Kochhar. Chanda Kochhar had rendered in numerous operations for the service of the bank and her accomplishments are been wondered by many people of the country.
Accordingly ICICI, country's third biggest lender by assets, said the probe, headed by an independent person, would examine allegations that the chief executive did not adhere to provisions relating to the bank's code of conduct and whether her actions involved "conflict of interest".
Presently the bank is battling allegations that Kochhar allegedly favored
Videocon Group in its lending practices. Videocon's founders had an investment
in a renewable energy company founded by Kochhar's husband. Moreover as per
report the bank has backed Kochhar, calling the rumors "malicious and unfounded".
Why Chandrababu Naidu failed in Telangana? Reportedly congratulating KCR garu for winning the Assembly elections in Telangana,” said Andhra Pradesh Chief Minister Chandrababu Naidu in a tweet on Tuesday afternoon as it became clear that his nemesis K Chandrasekhar Rao was not just set for a comeback, but a sweeping victory in the Telangana polls.
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