Mumbai
\nMarkets watchdog SEBI today said, ICICI Bank and Chanda Kochhar have replied to its show-cause notices on the probe into the alleged regulatory lapses by the bank’s CEO-on-indefinite-leave in lending to Videocon group and her husband’s business deals with the Dhoot family.<\/p>\n
ICICI Bank and the business dealings of the Kochhar family have come under the regulatory glare of SEBI and other agencies after a whistleblower has reported to the government agencies that the Kochhar family had some quid pro quo in its dealings with the now bankrupt Videocon group.<\/p>\n
In FY 2012, the bank had, by allegedly flouting its own lending norms extended a Rs 3,250 crore loan to the Videocon group, which has since turned dud for the bank, which is though is not the lead lender.<\/p>\n
Addressing the media after a board meeting here this evening, Tyagi, when asked about the ICICI Bank issue, said, “I think there was some reply to our show-cause notice, but I man not very sure about their consent application.” Whole Time Member Anant Barua joined the chairman saying, “yes they have replied to the show-cause notices”.<\/p>\n
But when asked whether they have formally approached SEBI with a consent request, Barua clarified that “they have not formally filed the application.” The bank denied seeking consent settlement.<\/p>\n","protected":false},"excerpt":{"rendered":"
Mumbai Markets watchdog SEBI today said, ICICI Bank and Chanda Kochhar have replied to its show-cause notices on the probe into the alleged regulatory lapses by the bank’s CEO-on-indefinite-leave in lending to Videocon group and her husband’s business deals with the Dhoot family. ICICI Bank and the business dealings of the Kochhar family have come […]<\/p>\n","protected":false},"author":1,"featured_media":42462,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-42461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/42461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=42461"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/42461\/revisions"}],"predecessor-version":[{"id":42463,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/42461\/revisions\/42463"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/42462"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=42461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=42461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=42461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}