Essar Group

ICICI Bank loan controversy: BN Srikrishna panel finds former CEO Chanda Kochhar violated lender's code of conduct

ICICI Bank has said that it will treat Kochhar's resignation as 'Termination for Cause' and will stop payment of unpaid benefits

NCLT rejects Ruias' debt settlement proposal to retake Essar Steel; company hints at challenging verdict

If it is not challenged again, this opens the first major victory for the LM Mittal-run ArcelorMittal into the country

Essar Global says all overseas debt cleared; $1.75 billion paid to Indian, foreign banks

Essar Global has now repaid about Rs 6,300 crore to ICICI Bank, Axis Bank, and Standard Chartered Bank. This repays entire Rs 31,500 crore of loans availed from these banks during 2008-14.

Essar Group will deleverage Rs 1.25 lakh cr debt if its offer for Essar Steel is accepted

Last week, the Committee of Essar Steel Creditors picked world's largest steelmaker ArcelorMittal's Rs 42,000 crore takeover offer over the company promoter's Rs 54,389 crore proposal to pay off all of the lenders' dues.

Ruias bid to regain Essar Steel with late payment smells of moral hazard; banks and govt must look at non-cooperative behaviour

From all indications, the Essar Steel insolvency process shows the Ruias need to be put under a lens.

Chanda Kochhar resigns as ICICI Bank MD and CEO: The fall of a feisty woman who broke the glass ceiling

Kochhar joined ICICI, an infrastructure lender in its earlier avatar, as a management trainee in 1984 and rose to play an important part in its transformation into a retail-focused lender

Chanda Kochhar steps down: A timeline of Videocon loan controversy that led to ICICI Bank CEO's departure

An anonymous whistle blower's had alleged that Kochhar did not adhere to provisions relating to "code of conduct" of ICICI Bank

Coal import scam: Bombay High Court grants interim relief to Adani Group from DRI

Last month, Adani Enterprises had filed a plea in the Bombay High Court seeking quashing of all LRs against its firms that are under probe for alleged over-invoicing of Indonesian coal imports.

ICICI Bank's board loves CEO Chanda Kochhar; that love has cost the banking giant dearly

ICICI Bank's handling of the Videocon loan row puts out a major lesson for corporations, on how not to handle a looming corporate governance crisis.

Chanda Kochhar to go on leave pending enquiry into Videocon loan issue; ICICI Bank appoints Sandeep Bakhshi as COO

Chanda Kochhar, a career ICICI Group employee has been under the cloud since late March, when allegations of conflicts of interest and possible quid pro quo in lending to Videocon group, along with lack of disclosures by the bank, made headlines.