A bank official said the board meeting was routine in nature and refused to divulge any details whether the conflict of interest issue would be discussed.
ICICI Bank was headed by K V Kamath at that time, Dhoot said, claiming that he did not know if Chanda Kochhar was associated with the bank then.
ICICI Bank had loaned $100 million through its Canadian subsidiary to Videocon, which was repaid in full with interest, Dhoot said, and added that there were enquiries by the Enforcement Directorate in the matter, but it did not find any wrongdoing under the foreign exchange management laws.
One of the bank's shareholders, Arvind Gupta had written a letter to the prime minister asking for investigations surrounding the sanction of loans worth Rs 3,250 crore to the Videocon by the bank.
With regard to loans to the Videocon group, the board had said the banks current exposure is part of a syndicated consortium arrangement.
"We have satisfactorily replied to all the questions of the regulators which is an on-going process for a regulated entity like a bank and the regulator of government departments", ICICI Bank chairman M.K. Sharma had said during a media interaction last week.
The loan had recently made news after reports questioned it and linked it to a possible quid pro quo that Videocon group promoter Venugopal Dhoot allegedly had with NuPower Renewables, a company founded by Deepak Kochchar.
According to the Indian Express investigation, the total transaction value of the complete transfer of shares from Punglia to Kochhar's Pinnacle Energy trust was Rs 9 lakh. In both cases, interface with the lenders was inevitable, and it appears that ICICI Bank has acquired stakes of these few companies too. "The Videocon group account has been classified as an NPA during 2017". RBI, on March 29, imposed a penalty of Rs 58.9 crore on the bank for failing to adhere to the guidelines of held-to-maturity (HTM) category in its bonds portfolio. Meanwhile, in 2017, the CBI has alleged that Sterling Biotech had taken loans of over Rs 5, 000 crore from a consortium led by Andhra Bank which has now turned into a non-performing asset. Approximately 5,108,606 shares were traded during trading, a decline of 36% from the average daily volume of 7,936,838 shares. Zacks Investment Research upgraded shares of ICICI Bank from a "hold" rating to a "buy" rating and set a $11.00 price objective for the company in a research note on Monday, January 8th. The stock of ICICI Bank Limited (NYSE:IBN) earned "Buy" rating by Morgan Stanley on Tuesday, January 16.
Meyers also told The Hill that the firm has seen a large increase in activity targeting US law firms since June 2017. Chinese items targeted by the United States in this latest round of tariffs include televisions and motorcycles.
For imagine, it is expected to retain a similar 12MP + 5MP main camera combo while the front may come with a 16MP selfie shooter. Talking about the pricing first, the listing reveals that both the Moto G6 and G6 Play are going to be budget segment phones.
Lester finished the game with only 3.1 innings pitched, seven hits, three earned runs and only two strikeouts as well. An inning later, Anthony Rizzo earned a standing ovation from the entire stadium, the cheers mixed with tears.
He had been living in exile in Brussels after failed attempt to separate Catalonia from Spain last October. Prosecutors argued that Puigdemont, 55, should be detained as there was a danger he would try to escape.
The Justice Department also said evidence couldn't prove or disprove Salamoni's assertion that Sterling was reaching for a gun . Salamoni appears to quickly take over the situation and nearly immediately begins shouting vulgarities and threats at Sterling .
Since starting their assault mid-February, Assad's forces have retaken 95 percent of Eastern Ghouta, according to the Observatory. "Jaish al Islam has taken the decision to remain steadfast and the idea of leaving is not on the table", said the official.
He couldn't shake a tendency to get tight and tentative on the court; it was getting worse as time went on. Zverev defeated Spaniard Pablo Carreno Busta in straight sets 7-6, 6-2. "I couldn't have scripted this".
The scientists have been predicting its crash since the China Manned Space engineering office declared "mission over" in 2016. But on March 16, 2016, China told the United Nations that Tiangong-1 had "ceased functioning", but did not give a reason why.
The studies showed after states legalized weed, the number of opioid prescriptions and the daily dose of opioids went way down. Colorado and OR , where the drug is fully legalized for adults, had 9% and 10% falls in opioid use, Wen told CNN .
The drumbeat of prominent Democrats calling for Democratic Congresswoman Elizabeth Esty to resign got louder on Monday. In an approximately 300-word statement on Facebook , Elizabeth Esty seemed to admit that she mishandled the situation.
Small SUV safety ratings released
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Nelson Mandela's ex-wife passes away at 81
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Here's why Oklahoma teachers walked out today
While teachers acknowledge the pay increase, they say they are fighting the lack of funding for education programs and supplies. Thousands of teachers are ready to visit the Oklahoma capitol for several days in their push for increased education funding.
Meghan Markle's dad's TERROR ahead of Royal Wedding
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Update to iOS 11.3 for More Privacy, Better Battery Health
There are brand new emoji , new battery features and an option to improve your iPhone's performance and make it faster. Click and you can see a rundown of all the data you're sending back to Apple and what the company needs it for.
UConn, Notre Dame renew a once-heated rivalry
Whenever UConn women's basketball has one of these ideal seasons, the critics seem to come out of the woodwork. Notre Dame and Mississippi State will now face off in the national championship game on Sunday, April 1.
Your view: Stand with the 'children' against gun violence
And I want all our lives to matter because we all deserve and have the right to be free from the recklessness of gun violence . The students expressed hope that the momentum of the marches will carry forward into legislative reform.