BANKING AFFAIRS

Detailed explanation-1: -Chanda Kochhar on Thursday quit as the CEO of ICICI Bank after her plea for early retirement was accepted by the bank. The Board, in a filing with the Bombay Stock Exchange, said it had accepted the request with immediate effect. “The board accepted this request with immediate effect.

Detailed explanation-2: -The bank, however, converted the early retirement into termination in January – February 2019 after the internal inquiry found that Kochhar had violated disclosure norms on conflict of interest. The bank decided to treat her October 2018 exit as a dismissal and not a normal resignation.

Detailed explanation-3: -Kochhar was one of India’s highest-profile business leaders before she was ousted as ICICI CEO in 2019 following allegations that the bank, under her watch, sanctioned “high value” loans to Videocon in violation of its lending policies.

Detailed explanation-4: -The couple was released a day after the Bombay High Court held, “The arrest is not in accordance with law.” They were arrested on December 23, 2022 and were sent to judicial custody on December 29, 2022. Ms. Kochhar was released from Byculla jail and her husband Mr.

Detailed explanation-5: -What is the Chanda Kochhar net worth? The net worth of Chanda Kochhar is 78 crore. What is annual Salary of Chanda Kochhar? The annual Salary of Chanda Kochhar is 5.5 crore Per Year.