GET Stock QuotesNews18 APP
News18 English
»
1-min read

Not Received Any Communication From US Market Regulator on Chanda Kochhar, Says ICICI Bank

The bank on May 30 announced that its Board has decided to institute a "comprehensive enquiry" to look into an anonymous whistleblower's complaint alleging that Kochhar had not adhered to provisions relating to "code of conduct" of the bank.

IANS

Updated:June 12, 2018, 12:41 PM IST
facebookTwittergoogleskypewhatsapp
Not Received Any Communication From US Market Regulator on Chanda Kochhar, Says ICICI Bank
File photo of ICICI Bank CEO Chanda Kochhar. (PTI)
Loading...
Mumbai: Lending major ICICI Bank on Monday said that it has "so far not received any communication" from the US Security and Exchange Commission in relation to the allegations levelled on its Managing Director and CEO Chanda Kochhar.

"As a large and internationally active bank with operations and listing of its equity and debt instruments in multiple jurisdictions, the bank is regularly engaged with regulators, including the US SEC, on a range of matters," the company said in a regulatory filing.

"However, the bank has so far not received any communication from the US SEC in relation to the allegations in respect of the Managing Director & CEO of the bank."

The bank on May 30 announced that its Board has decided to institute a "comprehensive enquiry" to look into an anonymous whistleblower's complaint alleging that Kochhar had not adhered to provisions relating to "code of conduct" of the bank.

Besides, the bank in an earlier regulatory filing had said the scope of enquiry would be comprehensive and include all relevant matters arising out of and in the course of examination of the facts and wherever warranted, "use of forensic/email reviews and recordal of statement of relevant personnel, etc."

The enquiry would also cover all connected matters in the course of the investigation to bring the matter to a final close.

Earlier, the Securities and Exchange Board of India (Sebi) had sought responses from the company and Kochhar on alleged non-compliance of the "erstwhile 'Listing Agreement' and the 'Listing Obligations and Disclosure Requirements) Regulations, 2015'".
| Edited by: Puja Menon
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 1,139.75 1.17
ICICI Bank 313.35 -1.89
IndusInd Bank 1,626.95 -1.56
Dewan Housing 281.60 -3.64
HDFC Bank 2,008.05 1.32
Company Price Change %Gain
Dewan Housing 281.35 -4.14
Lupin 880.45 4.15
Yes Bank 245.90 -0.32
Reliance 1,139.80 1.19
HUL 1,526.60 -2.68
Top Gainers
Company Price Change %Gain
Dr Reddys Labs 2,566.85 4.75
Cipla 647.85 4.01
ITC 282.50 2.65
BPCL 296.35 2.58
Company Price Change %Gain
Infosys 699.10 2.95
ITC 281.60 2.51
ONGC 160.00 1.78
TCS 1,949.15 1.60
Sun Pharma 599.50 1.50
Top Losers
Company Price Change %Gain
Bajaj Finserv 5,634.25 -3.08
HUL 1,526.30 -2.76
HPCL 212.50 -2.70
M&M 749.00 -2.54
GAIL 351.05 -2.30
Company Price Change %Gain
HUL 1,526.60 -2.68
M&M 748.60 -2.63
ICICI Bank 313.20 -1.76
Vedanta 210.95 -1.52
Axis Bank 575.85 -1.51

Live TV

Loading...
Loading...