Banking & Finance News

CEO Chanda Kochhar would be on leave during probe in Videocon loan matter, confirms ICICI Bank; Sandeep Bakhshi appointed COO

CEO Chanda Kochhar would be on leave during probe in Videocon loan matter, confirms ICICI Bank; Sandeep Bakhshi appointed COO

India's ICICI Bank Ltd said on Monday Chief Executive Chanda Kochhar would go on leave until the completion of an inquiry over an alleged conflict of interest, and named Sandeep Bakhshi, the head of its life insurance unit, as chief operating officer (COO) of the bank.

Led by private sector lenders, bank credit up 3.4% in December quarter
Led by private sector lenders, bank credit up 3.4% in December quarter

Bank credit grew 3.4 per cent on a sequential basis in the December 2017 quarter, helped by better performance by private sector banks and an uptick in industrial credit after two successive quarters of declines, show the Reserve Bank data.

Horoscope: By Peter Vidal

Today ( 18 Jun )This Week ( 17 Jun - 23 Jun )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more