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"Such routine arrest without application of mind and due regard to the law amounts to an abuse of power," the court said.
Published on Feb 19, 2024 01:58 PM IST
ICICI Bank branch manager in Rajasthan withdrew the money from customer accounts to open new fixed deposits, current and savings accounts and meet his targets.
CBI has alleged that ICICI Bank sanctioned ₹3,250 crore to Videocon Group companies, violating banking regulations, RBI guidelines, & the bank’s credit policy.
Updated on Feb 06, 2024 04:54 PM IST
Former CEO of ICICI Bank, Chanda Kochhar, has petitioned the Bombay High Court questioning her arrest in connection with alleged irregularities in loans provided to Videocon Group firms. The court has reserved its order on the matter. Kochhar and her husband were arrested in December 2022 but were later released on bail. Kochhar's counsel argued that the arrest was illegal, while the CBI countered by stating that documents could be presented to prove non-cooperation. The CBI had filed charges against Kochhar and others in July 2022.
Updated on Jan 24, 2024 08:58 AM IST
ICICI Bank Q3 results: Strong loan growth boosts ICICI Bank's Q3 profit to record high.
Updated on Jan 20, 2024 04:21 PM IST
Reuters | | Posted by Singh Rahul Sunilkumar