Videocon loan row: PSU bankers question why RBI delayed in acting against ex-ICICI CEO Chanda Kochhar
A section of public sector bankers on Thursday raised questions about the RBI seeking powers to regulate state-owned banks saying it apparently failed to act against officials in the ICICI Bank-Videocon matter despite claiming to have enough powers to deal with private sector lenders.
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.
Chanda Kochhar quits: Twitterati terms resignation as 'shocking' while some find CEO-Videocon association a 'lethal combination'
Chanda Kochhar's resignation led Twitterati to take to the micro-blogging site to comment on the latest development.
Videocon loan row: ICICI Bank responds to SEBI's show cause notice, says it was unaware of alleged conflict of interest
ICICI Bank, which sent its reply to SEBI last week, reportedly elaborated the process involving the disbursement of Rs 32.5 billion loan to Videocon group
There are allegations of conflict of interest and nepotism involving the bank and Kochhar in extending a loan to the Videocon Group.
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.