ICICI Bank-Videocon loan case: Lookout notice issued against Chanda Kochhar, husband and Venugopal Dhoot
Last month, the CBI had booked Kochhar on charges of criminal conspiracy, cheating and abuse of official position for dishonestly sanctioning loans to the Videocon Group.
It is not as if only private sector companies are guilty of spoiling their honchos and promoters. The public sector companies come handy for politicians to indulge their passions and desire for extravagance.
ICICI Bank on its part denied any conflict, saying it had not hired Avista Advisory Group run by Rajiv Kochhar, brother of Chanda Kochhar's husband Deepak, and did not pay any fee.
ICICI Bank shares plunged 4.73 per cent to Rs 225.40 on BSE.
Bankers have said the cut in statutory liquidity ratio (SLR) of banks may result in in a reduction in retail lending rates.