GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
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'".

Also Watch

| Edited by: Puja Menon
Read full article
Loading...
Most Active
Company Price Change %Gain
Larsen 1,323.70 +83.55 +6.74
Infosys 1,384.25 -46.10 -3.22
Reliance 1,234.90 +31.15 +2.59
Tata Steel 599.40 +19.25 +3.32
Tata Motors 270.10 +11.85 +4.59
Company Price Change %Gain
Larsen 1,323.95 +83.65 +6.74
TVS Motor 536.80 +21.05 +4.08
Infosys 1,385.20 -46.15 -3.22
Reliance 1,234.90 +31.45 +2.61
Maruti Suzuki 9,075.90 -72.40 -0.79
Top Gainers
Company Price Change %Gain
Larsen 1,323.70 +83.55 +6.74
Tata Motors 270.10 +11.85 +4.59
ONGC 168.70 +5.65 +3.47
Tata Steel 599.40 +19.25 +3.32
Hindalco 226.65 +6.95 +3.16
Company Price Change %Gain
Larsen 1,323.95 +83.65 +6.74
Tata Motors 269.55 +12.20 +4.74
ONGC 168.55 +5.45 +3.34
Tata Steel 599.40 +18.80 +3.24
Vedanta 221.80 +6.80 +3.16
Top Losers
Company Price Change %Gain
Infosys 1,384.25 -46.10 -3.22
GAIL 379.05 -8.65 -2.23
Titan Company 921.70 -19.85 -2.11
HCL Tech 988.25 -14.80 -1.48
Lupin 869.25 -12.00 -1.36
Company Price Change %Gain
Infosys 1,385.20 -46.15 -3.22
Maruti Suzuki 9,075.90 -72.40 -0.79
ICICI Bank 338.35 -1.70 -0.50
Axis Bank 624.20 -2.90 -0.46
HUL 1,775.40 -5.40 -0.30
Loading...
Loading...